Pump Price Prediction: Can PUMP Rally as Whales Exit?

PUMP Faces Resistance; Whale Selling Increases Risk

Pump.fun’s native token PUMP is attempting to rebound after heavy whale activity and volatile trading sessions.

Over the past 24 hours, the token traded between $0.003244 and $0.003566, closing at $0.00338 with a 3.6% gain.

Despite the mild upside, PUMP price remains cautious following a series of whale-driven transactions and exchange flows.

Whale Activity Intensifies Pressure on PUMP Price

Wallet 6wB5A2 sold 130 million PUMP six hours ago for $424.7K USDC, realizing a price of $0.0033.

Previously, this whale invested 4 million USDC for 1 billion PUMP and another 1.25 million USDC for 305.68 million Pumpfun.

https://x.com/lookonchain/status/1953751272122941703

He still holds 1.17 billion Pumpfun, now valued at $3.92 million, reflecting an unrealized loss of approximately $898,000.

Onchain Lens reported a separate whale selling 1.11 billion Pumpfun for 21,763 SOL, worth $3.79 million.

The funds were moved to Binance, resulting in a profit of $362,000 for the seller, further increasing selling pressure.These movements have raised concerns about potential future dumps, given how much supply remains in whale hands.

Concurrently, Pumpfun still sits as the second most trending token on CoinGecko for the week of August 2–8.

This position signals continued retail interest but also highlights the gap between market excitement and whale behaviour.

If whales continue to take profits, short-term upside may be limited, despite trending status.

Pump.fun Launches Liquidity Initiative Amid Competition

Pump.fun has created the Glass Full Foundation (GFF) that is used to provide liquidity to ecosystem tokens and grassroots projects.

The team said that GFF has already begun investing in early-stage projects and will expand coverage in the future.

Nonetheless, there is no information provided as to the sources of funds or criteria of selection, causing concerns of transparency.

This effort is made as PUMP is still more than 70% below its peak, intensifying recovery narrative.

Meanwhile, the token is getting more competition in the form of LetsBonk.fun, a meme coin launchpad established on Solana.

The LetsBonk has a stronger DeFi infrastructure with the support of the Bonk community and integration with Raydium.

GFF launch might rebuild the investor confidence, yet it has to be combined with the real demand and price support.

Unless there is a serious interest by buyers, foundation projects can be of little effect in market performance.

Price Action and Technical Indicators

An hourly chart of Meme coin price presents a neutral trend and a major resistance at $0.0034 as shown by Ichimoku indicators.

Conversion and Base lines are not far apart, thus implying that there is no firm direction in price, not yet.

Leading Span A is still above Leading Span B, yet the bullish sign is not reinforced with other indicators.

Ichimoku Cloud charts also indicate a possible transition to a bearish trend with the price reaching the Kumo Cloud Lower Line.

The price is now trading at the edge of the Kumo Cloud and this is a strong indication of downside pressure in case of the price not breaking the resistance.

The Lagging Span is in tune with the price action, which indicates that there is no momentum to propel the prices upwards at present.

MACD and RSI indicate a lack of strong bullish pressure, as RSI shows 47.60, and the MACD lines are flat and do not show any strong signs.

Meme coin price action is now in a stagnant area between $0.0033 to $0.0034, where its facing heavy resistance