Pump.fun (PUMP) Price: 50% Rally Absorbs Record Token Unlock-Is a Breakout Next?

TLDR

• PUMP price has rallied nearly 50% from its recent swing low to around $0.0020
• The largest investor and team token unlock in project history was absorbed without triggering a sell-off
• Pump.fun launched “BOOST mode,” redirecting dead liquidity to buy and burn newly migrated coins
• Open Interest is declining even as price rises, suggesting spot buying rather than leveraged positions are driving the move
• Key resistance sits at $0.00210–$0.00215, with bulls needing a breakout to confirm a broader trend reversal

Pump.fun (PUMP) has surged nearly 50% from its recent low of around $0.0013, now trading at approximately $0.0020. The rally came despite the largest token unlock in the project’s history, which many traders expected to weigh on price.

Around mid-July, 25% of investor allocations (32.5 billion PUMP) and 25% of team allocations (50 billion PUMP) became eligible for release. The remaining tokens unlock linearly over 36 months. Large unlocks like this typically put downward pressure on price. That did not happen here.

… Continue reading the full article at the original source below.