PUMP’s price increased by 13% after Wintermute acquired 3.55 million USD worth of tokens. The memecoin’s current pricing shows recovery from a previous decline of 67% from its all-time high.
Despite the price jump, trading volume decreased by 10%, reflecting some caution among traders. Notably, Wintermute accumulated 1.24 billion PUMP tokens, signaling strong whale interest.
Technical analysis suggests PUMP has broken through a significant resistance level, raising hopes for further gains. Traders are optimistic about a potential rally, with projections ranging from 12% to 55%.
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