PUMP

Drops

<ul>
 <li>PumpFun deposited 2.5 billion PUMP worth $9.19M to OKX, adding major liquidity.</li>
 <li>PUMP price dropped 10% to $0.003169, while trading volume jumped 118% to $287.52M.</li>
 <li>Technical analysis shows a 36% breakout to $0.004 before retracing to key support near $0.003.</li>
</ul>
<p>PumpFun executed a large token transfer earlier today involving its native asset. The project deposited 2.5 billion PUMP tokens, valued at $9.19 million, into the cryptocurrency exchange OKX.&nbsp;</p>
<p>Confirmed by a Lookonchain post on X, the deposit represented a notable token movement, adding a significant volume to the exchange. The movement has drawn attention as it brings substantial PUMP liquidity into the OKX trading platform within a short timeframe.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/lookonchain/status/1957238740327469397
 </div>
</figure>
<h2 class="wp-block-heading" id="pumpfun-s-pump-drops-10-as-trading-volume-surges-118-to-287m">PumpFun’s PUMP Drops 10% as Trading Volume Surges 118% to $287M</h2>
<p>The recent transaction comes as the<a href="https://cryptonewsland.com/pump-price-spikes-amid-glass-full-foundation-li/" target="_blank" rel="noopener noreferrer nofollow"> PumpFun token struggles</a> with its price action. At the time of writing this piece, CoinMarketCap data reveals that PUMP is priced at $0.003169 after recording a 10.04% decline in the past 24 hours. The market cap has fallen to $1.12 billion, reflecting the same percentage decrease during the period. Trading activity, however, expanded as 24-hour volume increased 118.45% to $287.52 million.</p>
<figure class="wp-block-image"><a href="https://coinmarketcap.com/currencies/pump-fun/" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc8JZgHiTApJzhEP2oKF_Y_H3vfgzINPYzKyhQjc5QWMArhX8tjPn7MvuwFdPo5y5SAR8DEC0PJlHfOxuPHlqkxgKoOQZLX2_bG04mgF5zmhxiiDyj9exGNgTDqTeSAkvCsTjLm?key=YF5GrMJhnHtuWvi-LVwKzQ" alt=""></a>
 <figcaption><strong><em>Source: </em></strong><em>CoinMarketCap</em>
 </figcaption>
</figure>
<p>The chart shows PumpFun trading near $0.003495 earlier before turning lower during the most recent sessions. The price experienced short upward movements but failed to sustain momentum, shifting downward after 3:00 AM East African Time. By mid-morning, the token fell steadily, reaching levels near $0.003316.</p>
<p>Market activity data indicates heightened trading, with a volume-to-market cap ratio of 25.53%. This figure shows a strong level of transactions occurring despite the overall decline. The 24-hour chart confirms notable volatility, with significant swings both upward and downward before closing near session lows.</p>
<h2 class="wp-block-heading" id="pump-breakout-pushes-price-near-0-004-before-retracing-to-key-support-levels">PUMP Breakout Pushes Price Near $0.004 Before Retracing to Key Support Levels</h2>
<p>According to a TradingView observation by AlphaCrypto, PUMP/USDT&nbsp; has shown significant movements in recent trading on Binance’s perpetual contract 4-hour chart. The token initially traded within a consolidation range before establishing an ascending triangle pattern between late July and early August. After several retests of resistance near $0.0029, the price moved above the level with strong momentum.</p>
<figure class="wp-block-image"><a href="https://x.com/alphacryptosign/status/1957120163024945342/photo/1" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfEngqsfVtDJO9qSEt40hjtdz6TBT-Hwo6D17IjPRsGsdum06y2-KGZOfiLhc0HCyMt0uvk7bjuMxbQjkxJhWR8hH6ThgDJwW4FU7Y19HeFaggVlgezXYBsXhQvcaBm7KuBQ9Z5cw?key=YF5GrMJhnHtuWvi-LVwKzQ" alt=""></a>
 <figcaption><em>Source:</em><a href="https://x.com/alphacryptosign/status/1957120163024945342/photo/1" rel="noopener noreferrer nofollow"><em> X</em></a>
 </figcaption>
</figure>
<p>The breakout triggered a <a href="https://cryptonewsland.com/pump-jumps-25-breaks-downtrend-as-price-approac/" target="_blank" rel="noopener noreferrer nofollow">rally that lifted PUMP by nearly 36%</a> from its base. The token peaked close to $0.004 during this surge. Data showed a measured move of 0.001109 points from the breakout. Following the peak, the market experienced a retracement. Importantly, the price held above the former resistance zone, which shifted into a demand area.</p>
<p>Trading activity after the breakout displayed sharp swings, with pullbacks followed by brief recoveries. Recent price action placed the token around $0.0033, showing a partial rebound from the decline. The $0.0029 zone remains crucial as it continues serving as a structural reference. The support near $0.003 has been repeatedly tested, keeping traders focused on this level.</p>

PumpFun Puts $9.19M PUMP on OKX as Token Retraces: Could Recovery Follow?

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