Whales Dominate PUMP Markets: Can They Outmuscle the Bears?

Market whales flex their muscles—pushing PUMP to unprecedented heights while the bears circle below.

Heavyweight Holdings Drive Momentum

Major holders accumulate positions, creating tidal waves of buying pressure that smaller traders struggle to navigate. Their concentrated moves often dictate short-term price trajectories—leaving retail investors scrambling to catch the wave or avoid the wipeout.

Bearish Pressures Lurk

Despite the bullish dominance, resistance levels test whale resilience. Market skeptics point to overheated indicators and whisper about corrections—because in crypto, what goes up rarely goes up forever without taking a breath.

Whales might control the tides, but even they can’t hold back the entire ocean if sentiment shifts. After all, in traditional finance, this would probably already have a regulatory nickname—like 'The Pump and Dump Protection Act' that nobody actually enforces.

Key Takeaways

PUMP rallied 31%, reaching a high of $0.008456 before slightly retracing to $0.0082 at press time. Whales scooped up 3.24 billion tokens, with Buy Volume rising to 17 billion.

Pump.fun [PUMP] soared 31% reaching a new high of $0.008456 before slightly retracing to $0.0082 at press time. 

Over this period, the memecoin’s market cap surged 23% reaching a new ATH of $2.8 billion, while volume jumped 47% to $904 million. 

Often, when these two surge in tandem, it signals steady capital inflow and growing on-chain activity. 

Buyers dominate the market

As PUMP rallied, buyers jumped in to chase the uptrend. According to Coinalyze, the memecoin recorded a positive Delta over the past day after previously turning negative. 

Source: Coinalyze

Within 24 hours, PUMP saw 17.7 billion in Buy Volume, compared to 15.8 billion in Sell Volume.

As a result, the altcoin recorded a positive Buy Sell Delta of 1.9 billion, a clear sign of aggressive spot accumulation. 

Whales lead the charge 

Whales led the way amid soaring demand for PUMP. According to Nansen, whale-accumulating addresses have dominated the market over the past six days. 

On the 14th of September, whales purchased 3.24 billion tokens, a decrease from their 6.25 billion total buy on the 13th of September. 

Source: Nansen

At press time, PUMP’s Whale Balance Change was 1.8 billion, a drop from 3.1 billion the previous day, a clear sign of aggressive whale accumulation.

Notably, whales have recorded a positive Whale Balance Change for six consecutive days. 

Profit-takers not left behind 

With PUMP rallying for 13 consecutive days, investors, especially whales who went long during the dip, enjoyed massive profits.

According to On-chain Lens, a whale holding a PUMP long position with 5x leverage is currently sitting on an unrealized profit of $7.8M.

Source: On-chain Lens

Unsurprisingly, amid record-breaking profit margins, market participants have turned to aggressive profit realization.

According to CoinGlass, PUMP recorded a positive Spot Netflow for four consecutive days. At press time, netflow was $3.2 million, a significant drop from $20 million recorded on the 13th of September. 

Source: CoinGlass

Such a spike in netflow reflects increased inflows compared to outflows, a clear sign of increased selling activity. Historically, increased selling pressure has always led to lower prices.

More gains ahead?

PUMP recorded a sustained uptrend amid rising demand across all market participants.

As a result, the memecoin’s Relative Strength Index (RSI) surged to 85, reaching the overbought zone. At the same time, its Chaikin Money FLOW (CMF) jumped to 0.26, further confirming buyer’s dominance.

Source: TradingView

If buyers, especially whales, continue to accumulate, PUMP is most likely to make more gains. In doing so, it will hit $0.009 and target $0.01.

However, if profit takers overrun the market, there will be a retrace, with PUMP dropping to $0.0068.