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Pump.fun (PUMP) has gone up by 18.5% in the past 7 days as the token has partially recovered from its latest downturn.
This Solana-based launch pad suffered after losing its lead in this segment. LetsBonk.fun, a similar solution developed by the creators of this popular meme coin, has now captured a market share exceeding 60% and has dismantled Pump.fun’s long-standing monopoly.
Data from CoinMarketCap shows that trading volumes exploded yesterday, moving from a recent low of $178 million to $476 million overnight.
A pseudonymous X user called Rose noted that a whale started to accumulate a big position in the token. In the past few days, this wallet has amassed $1.4 million worth of PUMP at a point when the price has been rising for multiple days.
A major Solana whale, known for timing the bottom, is back in the market.
After two weeks of inactivity, the whale just spent ~$1.4 Million accumulating #Solana ecosystem tokens, including a significant new position in $PUMP.
This is a wallet the market watches very closely.… pic.twitter.com/XLaezbfOVX
— Rose 🌹 (@rosycutee2) August 12, 2025
Whale activity is closely watched, as this could be an individual with privileged knowledge that has opened a position to benefit from an upcoming surge. Paired with a big spike in volumes, PUMP could be about to deliver some explosive gains.
Similarly, crypto trader BullChain emphasized that PUMP has been consolidating for many days and has traded in a tight range that clearly indicates accumulation.
buying the $PUMP accumulation range low will be the most obvious trade ever (in hindsight). do you see this now or will you see it later? pic.twitter.com/umOgBAGdYU
— BullChain ᵍᵐ (@BullChain) August 1, 2025
During accumulation phases, deep-pocketed investors tend to scoop up a large volume of tokens after a big decline as they expect a recovery in the near term.
Pump Could Double If It Breaks Above $0.0035
The 4-hour chart shows that PUMP found strong support at $0.0023 and made a double-bottom at that price zone. Since then, the token has been forming an ascending price channel with a moderate slope.
This could indicate that PUMP has entered a phase of accumulation, which is in line with the behavior exhibited by the whale wallet mentioned earlier.
The price channel’s relevance to market participants has been confirmed by multiple touches of the upper trend line primarily. If we get a bullish breakout above the $0.0035 level, PUMP could explode to the $0.0065 area, meaning a 100% upside potential in the near term.
The Relative Strength Index (RSI) favors a bullish outlook as it has moved above the 14-day moving average and is already above the mid-line.
It is worth noting that PUMP is currently trading at $0.003675 – just 9% away from the price that investors paid to get their hands on the token during its initial coin offering (ICO).
Selling pressure could be quite high once the token gets to that level, as early buyers could aim to cash out of their investment now that Pump.fun has lost its lead over LetsBonk. Hence, this is a key level to watch if the rally continues in the next few days.
In the meantime, the best meme coins of this cycle could outperform well-established tokens like Solana (SOL) or PUMP. One of the hottest crypto presales in this segment is Maxi Doge (MAXI), a dog-themed token that embraces the hype that bull market cycles tend to bring along.
Maxi Doge (MAXI) Raises Over $700K in Just a Few Days
Maxi Doge (MAXI) is a Shiba Inu dog who sees leveraged trades as its way out of mom’s basement. The token embodies all of the positive energy that comes in a bull market.
With Bitcoin making new all-time highs every week and Ethereum trading above $4,000, MAXI won’t miss the chance to make he most out of this rally.
Through the Maxi Fund, the project will allocate up to 25% of the proceeds raised from the presale of $MAXI to open leveraged long positions in the best and most promising tokens.
No red candles are allowed, no stop loss needed, a six-pack of Red Bull is the only thing that Maxi Doge needs to stay up and see those green candles fly.
Early buyers who take advantage of MAXI’s discounted presale price will reap the highest returns once this token is listed on exchanges.
To buy $MAXI, simply head to the Maxi Doge website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
