This Crypto Whale’s PUMP Panic Dump Will Make You Spit Your Tea! 🐋💸

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Key Takeaways

Ah, the classic crypto opera: a whale flaunts its 250 million PUMP tokens – worth a princely $1.53 million – then flamboyantly tosses them overboard. On-chain whispers suggest the crowd is pumped in the short term, but long-term? Well, dear reader, it’s a different kettle of fish altogether.

Pump.fun [PUMP] has been flirting outrageously with the price charts, sprinting a cheeky 150% in three weeks flat.

One simply wonders, is this the peak of the spectacle or is the amphibian ready to leap higher?

The plot thickens as the mysterious “3xAMM” wallet, clutching a gargantuan 2.5 billion PUMP, has started to take its winnings off the table – how very sporting.

Whale Wades Out with 250 Million PUMP – Should We Flee the Scene?

The eagle-eyed folks at Lookonchain report the wallet has unceremoniously dumped 250 million PUMP on Binance for a sparkling $1.53 million. Yet, it still proudly holds 2.25 billion tokens worth $13.6 million, in case you were worried about it getting bored.

Despite this grand sale, PUMP has cheekily climbed 3.85% in the last 24 hours, currently flirting around $0.006325. One must admire the audacity.

However, trading volume has nosedived by 45%, as if everyone at the party suddenly remembered they have better things to do. This declining enthusiasm suggests those with pounds to push are politely staying seated.

The Price Tango: PUMP at the Precipice

According to AMBCrypto’s crystal ball, PUMP is currently dancing uncomfortably near its nemesis: the $0.0070 resistance level – the very spot from which it spectacularly plunged 63% post-launch. Delightful déjà vu.

The daily candle sports a long upper wick, indicating the sellers are throwing a subtle hissy fit.

If PUMP gets a bit cheeky around $0.0069 or $0.0068 and choreographs a bearish candlestick pattern, brace yourself for a potential nose-dive back to a humble $0.005 or, heaven forbid, a $0.0042 revival ground.

Our trusty indicators, the Bollinger Bands and RSI, have donned their bear suits. The Bands have stretched wider than Aunt Mabel’s garden trousers, with the price flirting at the edge – a classic signal that the party might be over.

Meanwhile, the RSI has swaggered into overbought territory, suggesting PUMP has had one too many and may soon need to sober up.

On-Chain Drama: Mixed Signals and Token Traffic

CoinGlass reports a steady parade of tokens flowing into exchanges for the past five days, with a generous $5.90 million arriving in the last 24 hours alone. One can only infer that some are eyeing the door for a dramatic exit.

This token traffic hints at sellers shedding their kilos, dampening any hope of a euphoric stampede towards buying.

Yet, the crowd remains restless, placing their bets heavily on long positions, apparently ignoring the looming party poopers.

Data from CoinGlass details two liquidation hot spots at $0.00597 and $0.0067 – where $12.57 million of long dreams and $3.72 million of short ambitions hang precariously in the balance.

In short, it’s a melodrama of mixed emotions. While today’s crowd basks in bullish bravado, the whales and the long-term bears are subtly sharpening their claws, suggesting the mood might just tip towards the bearish blues. 📉🙃

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2025-09-13 17:37