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Pump

Pump.fun

PUMP

Pump.fun has recently announced a fund designed to finance early-stage projects built openly on its platform. Despite the ecosystem-focused initiative, whale dumping, along with a bearish pattern developing on the daily chart, hints that the token may be looking at more downside in the upcoming sessions.According to data from crypto.news, Pump.fun (<a href="https://crypto.news/price/pump-fun/" rel="noopener noreferrer nofollow">PUMP</a>) rose 12.5% to an intraday high of $0.0027 on Thursday, Jan. 22, before stabilizing at around $0.0026.&nbsp;PUMP’s rally followed after the Pump.fun team <a href="https://crypto.news/pump-fun-launches-3m-fund-ecosystem-startups-2026/" rel="noopener noreferrer nofollow">unveiled Pump Fund</a>, a new investment arm that will finance early-stage projects built openly on its platform. Under the program, 12 selected teams will each receive $250,000 in funding at a fixed $10 million valuation.&nbsp;This initiative officially kicked off on Monday, Jan. 19, with a 30-day “Build in Public” hackathon designed to move the ecosystem beyond its reputation as a mere factory for viral memecoins.Such ecosystem-oriented developments often stir renewed interest among developers and retail investors by providing actual utility and mentorship, and hence help support prices at least in the long run.You might also like: <a href="https://crypto.news/crypto-prices-today-january-22-btc-bnb-xmr-sui-2026/" rel="noopener noreferrer nofollow"> Crypto prices today (Jan. 22): BTC, BNB, XMR, SUI rebound as Trump cancels EU tariff threats </a><h1 class="wp-block-heading" id="pump-fun-price-at-risk">Pump.fun price at risk</h1>However, despite the positive news, recent whale activity suggests a different scenario could be at play. Data from Santiment indicates that the number of whales holding between 10,000 and 1 billion PUMP tokens has dropped this week.<figure class="wp-block-image size-full"><img width="1550" height="499" src="https://media.crypto.news/2026/01/Screenshot-2026-01-22-120305.webp" alt="The number of whales holding 10,000 to 1 billion PUMP tokens have declined over this week. " class="wp-image-14446106"><figcaption class="wp-element-caption"> Source: <a href="https://app.santiment.net/charts/IplEN3er__sCl" rel="noopener noreferrer nofollow">Santiment</a></figcaption></figure>Typically, when whales start to lose interest in a token, it often leads to a significant erosion of buying pressure, which leaves the price vulnerable to retail-driven volatility and downside momentum.At the same time, PUMP price action is close to confirming a rising broadening wedge pattern that has been taking shape since late December last year.<figure class="wp-block-image size-full"><img width="1827" height="878" src="https://media.crypto.news/2026/01/PUMPUSDT_2026-01-22_12-17-50.webp" alt="Pump.fun price forms a rising broadening wedge on the daily chart." class="wp-image-14446105"><figcaption class="wp-element-caption"> Pump.fun price forms a rising broadening wedge on the daily chart — Jan. 22 | Source: <a href="https://crypto.news/price/pump-fun/" rel="noopener noreferrer nofollow">crypto.news</a></figcaption></figure>Such a pattern is formed when an asset’s price makes higher highs and higher lows within two ascending diverging trendlines, signalling increasing volatility and a potential bearish reversal upon a breakdown below the lower support line.&nbsp;Technical indicators such as the MACD and Chaikin Money Flow index showed signs that bears were starting to gain footing in the market. Notably, the MACD line was approaching a bearish crossover with the signal line, and the CMF is close to falling below the zero line, which indicates that capital is beginning to flow out of the asset.&nbsp;Based on the bearish pattern and the technical signals, a sustained drop below the 50-day SMA support level at approximately $0.0024 could position the token for more decline.A decisive break beneath this level could help bears target the Dec. 24 low of $0.0016, which stands approximately 38% lower than the current price.Read more: <a href="https://crypto.news/saga-evm-chain-paused-after-7m-contract-exploit-2026/" rel="noopener noreferrer nofollow"> Saga EVM chain paused following $7M smart contract exploit </a>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Pump.fun price charts a bearish wedge pattern as whales exit, will it crash?

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