A crypto whale recently accumulated 1.34 billion PUMP tokens worth $3.31 million from OKX, raising its total holdings to 2.8 billion tokens valued at $6.32 million. This move, tracked by crypto tracker Onchain Lens, has fueled speculation of an impending rally. At press time, PUMP was trading at $0.002491 with a 15% surge in trading volume to $155.89 million, while technical analysis suggests a potential 30% price increase if key support holds.
A significant crypto whale has withdrawn 1.34 billion Pump.fun (PUMP) tokens, valued at $3.31 million, from the exchange OKX. According to Crypto tracker Onchain Lens, this accumulation increases the whale’s total PUMP holdings to 2.8 billion tokens, now worth $6.32 million.
Crypto whales often influence market trends, and their accumulation patterns are closely tracked for early signals. This substantial purchase raises questions about a potential major rally or access to privileged information.
At the time of writing, PUMP was trading at $0.002491, marking a 1.05% increase over 24 hours. Trading volume simultaneously jumped by 15% to $155.89 million, indicating heightened trader interest.
On the daily chart, PUMP appears to be forming a bullish inverted head-and-shoulders pattern. If confirmed, this technical setup could precede a strong upside rally.
The asset has established key support at the $0.00242 level, which has a history of prompting reversals. Sustaining above this level could lead to a 30% price jump toward $0.0033, based on past price action.
However, the technical indicator Average Directional Index (ADX) registered a reading of 19.96. This figure is below the key threshold of 25, signaling the asset’s momentum is currently weak.
Despite this bearish signal, derivatives data from Coinglass suggests traders remain positioned for an upside move. Intraday traders have built $2.68 million in long-leveraged positions and $1.98 million in short-leveraged positions at key levels.
