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