$PUMP Surges Back: 5.5% Rally to $0.003154—Is This the Start of a Bigger Move?
Pump.fun's native token $PUMP just snapped back with a 5.5% rebound—defying the usual 'pump-and-dump' tropes (for now).
Can the memecoin sustain momentum, or is this another dead-cat bounce waiting to rug-pull retail traders? Here's the breakdown.
The Rebound Playbook
After a brutal week for speculative altcoins, $PUMP clawed its way to $0.003154. The bounce puts it back on traders' radars—but technicals suggest make-or-break levels ahead.
Liquidity vs. Hype
Low-cap tokens like $PUMP live and die by exchange inflows. On-chain data shows modest buy-side pressure, but one whale exit could tank the chart faster than a VC dumping seed tokens.
The Verdict: High Risk, Higher Leverage
This isn't an asset—it's a volatility instrument. Trade accordingly (and maybe keep an eye on that 'sell' button).
Source: CoinGecko
Pump.fun Faces Legal Heat and Competition But Indicates Recovery as Ecosystem Evolves
Launched through an Initial Coin Offering (ICO) on July 12, 2025, Pump.fun sold 15% of its total 1 trillion token supply, amounting to 150 billion PUMP tokens. The token sale drew considerable attention and indicated the platform’s ambition to be more than just a memecoin incubator.
Shortly after its debut, $PUMP plummeted 67% from its peak. This decline has put pressure on the platform to innovate and reinforce its value proposition to the market.
To restore confidence, the project initiated its buyback program, where it repurchased $31.3 million worth of $PUMP tokens funded by 25% of the protocol revenue. Pump.fun also acquired Kolscan, a leading on-chain wallet tracking tool, to improve transparency and attract serious meme investors.
we’re excited to announce that pump fun has acquired @kolscan
Kolscan is a wallet tracker that monitors the activities of top onchain traders. it provides realtime transactions, token PnL, and a leaderboard ranking their performance
our integration will not only enable better… pic.twitter.com/V4VDcOwVeG
Yet, just as the project sought stability, a class-action lawsuit was filed by Burwick Law, claiming Pump.fun operates like an “illegal casino” that encourages speculative memecoin gambling. The lawsuit seeks $5.5 billion in damages, a massive legal challenge that could impact the platform’s long-term regulatory standing and public perception.
Pumpdotfun Litigation Update
Burwick Law, on behalf of plaintiffs, filed a new complaint in federal court in the Southern District of New York alleging RICO claims against Anatoly Yakavenko, Raj Gokal, Dan Albert, Lily Liu, Austin Federa, solana Labs, Solana Foundation, Alon…
Despite the setbacks, Pump.fun is fighting back. The asset saw an 11% growth in price on the back of bullish fundamentals and aggressive whale accumulation.
According to on-chain activity, venture firm GSR purchased $4.6 million worth of PUMP from exchanges, indicating institutional interest. At the same time, open interest in PUMP derivatives ROSE 6%, hitting $743 million, while the funding rate flipped positive.
But competition is heating up in the meme launchpad space. Rivals like LetsBonk.fun are gaining ground rapidly, forcing Pump.fun to double up on its buyback strategy, acquisitions, and product rollout.
$PUMP Pulls Back After Hitting Measured Target With Triple Bottom Breakout
Earlier today, $PUMP/USDT pulled back from its intraday high NEAR $0.00338 after a clean breakout from a well-formed triple bottom pattern on the 1H chart.
The pattern had formed starting from late July into early August, with well defined reaction lows and an ascending neckline. After the third bottom near $0.00260, we saw $PUMP break out with strength, tapping the projected upside target around $0.00336 before losing steam.
The traded volume increased steadily during the breakout leg, confirming participation behind the move.
However, the latest session reveals a shift. Volume footprint data shows that although total volume remained high across most of the session, particularly between 08:00 and 10:00 UTC, where 16.65B were traded, the delta has turned less favorable.
In addition, a large red delta candle printed after the high, with over -53.4M delta on 7.84B total volume. That shift reflects aggressive selling into local strength.
Earlier in the move, between 06:00 and 09:00 UTC, the delta skewed heavily bullish, with back-to-back prints over +1.19B, +1.35B, and +1.31B.
These coincided with the main thrust out of the base. But since tapping the projected target, price action has flattened, and the most recent deltas show mild selling with less follow-through from buyers.
Right now, $PUMP is holding above $0.00304, which is a good enough short-term level to watch. If that gives way, the next support sits around $0.00295. On the upside, reclaiming $0.00320 with strong volume could put bulls back in control. But for now, this looks like a classic case of a pattern that hit its target and is taking a moment to reset.
