Pump.fun Token Drops 4.98% as Whales Accumulate 2% More

Pump.fun's latest price was $0.007817, down 4.978% in the last 24 hours. Key investors have taken advantage of the slowdown, quietly increasing their holdings in anticipation of another potential leg up. On-chain data shows that large holders with between 1 million and 10 million PUMP tokens have significantly ramped up their accumulation over the past few days. Since the altcoin began its sideways trend, this cohort of PUMP investors has increased its holdings by 2%. This behavior indicates growing confidence among whales in the market, which could draw retail traders back into it. If this trend continues, it could set the stage for a price rebound in the near term. Moreover, readings from PUMP’s Smart Money Index (SMI) confirm this bullish outlook. At press time, this is at 1.007, rising steadily through the token’s muted price performance. Smart money refers to capital managed by institutional investors or experienced traders with a stronger grasp of market trends and timing. The SMI tracks their behavior by comparing selling pressure in the morning when retail dominates versus buying activity in the afternoon when larger players are more active. A rising SMI signals that these investors are accumulating an asset ahead of potential price moves. In PUMP’s case, the recent uptick suggests seasoned investors are steadily increasing their holdings, possibly in anticipation of a rebound.

Pump.fun is making significant strides in its ambitious plan to challenge streaming giants like Twitch and Kick. Despite public outcry from the cryptocurrency community, the market remains unfazed. While $PUMP continues to perform strongly, the increase in reward applications and the decrease in creator fees suggest that the CCM element may be gradually declining. History may not repeat itself, but it does rhyme. In this case, people were wrong because the performance of CCM elements mirrors the pump.fun live stream hype of November 2024, albeit with much more generous cash rewards. Since the platform launched its new dynamic pricing model on September 2, creator fees on pump.fun have seen explosive growth, incentivizing creators and streamers to deploy tokens en masse in hopes of securing five to six-figure rewards. As before, streamers are engaging in increasingly extreme activities to attract viewers, from mild pranks to more disturbing acts like coprophagia and Nazi sympathies. Despite the widespread degeneracy, CCM has also spawned some positive ideas. Certain creators are using the platform and its accompanying rewards to fund new healthy habits or donate a portion of their earnings to local charities. Unfortunately, the transition from mature Web2 platforms to pump.fun has not been smooth for some streamers. A creator with over 110 million TikTok followers reported that their coins lost value after a stream ended, followed by hate, threats, and criticism. As fees decrease and creator claims increase, CCM is at a critical juncture. While the initial hysteria has subsided and most streaming coin charts are trending downwards, CCM supporters argue that the industry is just getting started. Proponents of CCM are backing the element, claiming that the returns offered are too enticing for Web2 creators and emerging streamers to ignore. Meanwhile, on-chain data indicates that the creator capital market is beginning to face resistance from the trenches. While it may be too early to draw conclusions, it is clear that the industry's coins are rapidly becoming saturated. Trader fatigue is rising, and the memecoin trench warriors are denouncing the sustainability of the element. According to data collected by adam_tehc, the number of daily rewards has steadily decreased over the past three days, while the number of deployed coins has continued to rise. This suggests that as new tokens become saturated in the market, the total trading volume of CCM coins is decreasing. Pump.fun is no stranger to controversy and the spotlight. Despite repeated claims that 'pump.fun has ruined cryptocurrency,' the market remains deaf to the anguished cries of pump.fun's detractors. There is no denying that $PUMP has been one of the strongest-performing coins in the market over the past few weeks. Pump.fun's token buyback program has already purchased over $104 million worth of $PUMP tokens, helping to drive the token to a new all-time high of $0.0088. $PUMP is now searching for new support levels, with the current trading price at $0.0079.

As the cryptocurrency market continues to evolve, the $PUMP token on the Pump fun platform is making headlines with a potential rebound on the horizon. Crypto analyst shared a detailed candlestick chart, suggesting that $PUMP could find critical support at $0.0075. This level, identified through technical analysis, aligns with psychological price points where trader buying pressure often intensifies. The timing of this analysis is noteworthy, coinciding with a recent price surge over the past seven days, outpacing the broader market’s gain. Despite a drop in trading volume, the token’s momentum hints at speculative interest, possibly fueled by the ongoing Bitget Onchain Challenge Phase 19. This event, offering rewards, is driving trader engagement and could amplify $PUMP’s visibility. The chart reflects real-time market dynamics, with a descending channel and potential Bullish Flag pattern suggesting an upcoming reversal. For Web3 enthusiasts, this presents both opportunity and caution. The $0.0075 support level, reinforced by historical price action, could act as a magnet for bulls if volume picks up. However, the declining trading activity raises questions about sustainability. Traders are advised to monitor key indicators for confirmation. With Pump fun’s circulating supply at 350 billion tokens, $PUMP remains a speculative play in the memecoin surge dominating September 2025. As the crypto landscape shifts, $PUMP’s next move could set a precedent for smaller tokens leveraging community-driven platforms like Pump fun.