Crypto & Forex August 3, 2025 0 Comments

PUMP Surges 13% as Wintermute’s $3.5M Bet Sparks Whisper of a Potential 55% Breakout – Are You Ready to Ride the Wave?

Have you ever watched a memecoin stage a comeback so sharp it practically screams, “Wait, I’m not done yet!”? Well, PUMP.just pulled one of those classic reversals, rocking a 67% plunge from its all-time high before catching a serious second wind. Now, here’s the kicker—Wintermute, the big whale on the block, just swooped in and scooped up a staggering $3.55 million worth of tokens. That’s a move that turns heads and flips the script in this unpredictable market. So, what does it mean when a top algorithmic trading firm dives in like that? Are we witnessing the dawn of a bullish run that’s set to soar anywhere from 12% to a jaw-dropping 55%? If you’ve been on the sidelines wondering whether the bear phase is finally packing up, these fiery charts and on-chain activities might just be the nudge you need to reconsider. Buckle up, because PUMP’s story is heating up, and it’s not just talk — the supertrend is green, the whales are loading up, and the market’s watching. Ready to dive deeper into what’s fuelling this memecoin’s momentum? LEARN MORE

Key Takeaways

PUMP gained momentum after Wintermute accumulated $3.55 million in tokens. Bulls now eye a 12%–55% upside range.

Pump.fun [PUMP] is mounting a strong recovery after plunging 67% from its all-time high, backed by a clean breakout and whale accumulation.

PUMP leads gainers, but volume slips

At press time, PUMP traded at $0.002909, having climbed 13% over the past 24 hours.

With this impressive price uptick, the memecoin appeared on the top gainers list, outperforming major assets like Bitcoin [BTC] and Ethereum [ETH].

However, 24-hour volume fell 10%, reflecting hesitation among traders despite the price uptick.

Why is PUMP’s price rising?

PUMP defied the broader market chop with a clean breakout, largely fueled by notable whale participation and investor accumulation.

Solscan data showed that Wintermute, a top algorithmic trading firm, accumulated 1.24 billion PUMP tokens worth $3.55 million in the past 24 hours.

The firm sourced these memecoins from exchanges like Gate.io and Bybit, marking strong participation from a known liquidity mover.

Source: Solscan

However, it’s not just accumulation that has been observed.

Wintermute also rotated 1.01 billion tokens ($2.69 million) via its liquidity wallet, possibly for DEX liquidity or exchange deposits.

Is the bear phase done?

This activity aligned with a breakout on the charts.

AMBCrypto’s technical analysis revealed that PUMP has finally broken through a key resistance level, which it had been facing along a descending trendline.

The TradingView chart showed that the memecoin not only breached the trendline but also closed a four-hour candle above it, indicating a successful breakout.

Source: TradingView

If momentum holds, PUMP could rally 12% to $0.00332. A candle close above $0.0038 could trigger a much larger 55% upside move.

The Supertrend indicator flipped green and shifted below the price, confirming a bullish bias.

PUMP’s bullish on-chain activity

Investors and long-term holders have been actively accumulating the memecoin, per CoinGlass.

Data revealed that investors withdrew $19.53 million worth of PUMP from exchanges over the last two weeks.

This substantial outflow from exchanges suggests potential accumulation, which could lead to increased buying pressure and further price appreciation.