A Most Peculiar State of Affairs
Right then. PUMP, that curious little memecoin, has done a bit of a dash upwards, leaping 31% to a dizzying height of $0.008456 before settling back a trifle to $0.0082. Rather like a particularly enthusiastic dachshund. The larger chaps – the ‘whales’, as they’re called, a distinctly aquatic term for financial fellows – have been snapping up tokens like biscuits at tea, a grand total of 3.24 billion, whilst the buying volume reached a rather robust 17 billion.
Pump.fun [PUMP] decided to have a bit of fun itself, shooting up 31% to reach a peak of $0.008456, though one suspects its constitution couldn’t quite hold that altitude. It’s currently resting at $0.0082. A trifle breathless, one imagines.
Over the period in question, its market capitalisation also took a turn for the better, swelling by 23% to a rather impressive $2.8 billion, and the volume of transactions jumped a startling 47% to $904 million. A positively dizzying amount, wouldn’t you agree?
It’s generally understood, you see, that when these things – market cap and volume – move in unison, it suggests a steady stream of funds and a heightened degree of activity on the digital ledger. Most intriguing.
The Buyers Are Having A Go
As PUMP embarked on its upward spree, the buyers, naturally, were only too pleased to join the party. According to a chappie at Coinalyze, the memecoin registered a positive ‘Delta’ – which sounds terribly scientific, doesn’t it? – after previously having gone a bit wobbly.
Within a single day, a rather assertive 17.7 billion units were bought, as opposed to a comparatively shy 15.8 billion being sold.
Consequently, the altcoin exhibited a positive ‘Buy Sell Delta’ of 1.9 billion – a clear indication, if one were needed, of rather enthusiastic accumulation. Good show!
The Whales Take The Plunge
The whales, I say! They were the ones leading the charge. According to a chap at Nansen, those whale-sized addresses have been dominating the proceedings for the last six days. Rather like a school of particularly affluent fish.
On the 14th of September, they procured 3.24 billion tokens, a slight dip from their previous day’s haul of 6.25 billion. One suspects they were simply pacing themselves.
At the current juncture, PUMP’s ‘Whale Balance Change’ stands at 1.8 billion, a tad less than the 3.1 billion observed the previous day. Which, naturally, is a sign of yet more aggressive accumulation. Honestly, the dedication!
Remarkably, these whales have demonstrated a positive ‘Whale Balance Change’ for six days running. One can only assume they know something the rest of us don’t.🧐
Profit-Taking, Naturally
With PUMP enjoying thirteen consecutive days of improvement, the investors – particularly the whales who got in on the ground floor – are reaping rather substantial rewards.
A fellow over at On-chain Lens informs us that a whale with a 5x leveraged long position is currently looking at an unrealised profit of $7.8M. Good Heavens!
Unsurprisingly, considering these frankly astonishing profits, market participants are beginning to cash in. A spot of profit realisation, if you will.
According to CoinGlass, PUMP registered a positive ‘Spot Netflow’ for four days in a row. At the moment, it’s at $3.2 million, a rather noticeable decline from the $20 million recorded on the 13th of September. A spot of caution, perhaps? 😬
Such a surge in ‘netflow’ indicates that more money is flowing out than in, a rather ominous sign suggesting increased selling pressure. And as we all know, increased selling pressure, historically speaking, has a nasty habit of leading to lower prices. A most unwelcome development.
The Future, If One May Be So Bold
PUMP continues to trend upwards, fuelled by rising demand from all corners of the market.
As a result, its ‘Relative Strength Index’ (RSI) has rocketed to 85, entering what they call the ‘overbought zone’ – a rather alarming label, one might think. Simultaneously, its ‘Chaikin Money Flow’ (CMF) has climbed to 0.26, further solidifying the buyers’ dominance.
Should the buyers – and especially the whales – continue their accumulation, PUMP is quite likely to continue its ascent, possibly reaching $0.009 and, dare we say it, even $0.01. A delightful prospect!
However, should the profit-takers take control, one anticipates a bit of a tumble, with PUMP plummeting back down to $0.0068. Oh dear.
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2025-09-14 12:14