PUMP Price Soars Following $6.3 Million Whale Move – What Could Be Next?

Jakarta, Pintu News – Pump.fun (PUMP) is attracting market attention again after one whale opened several long positions with a total value of about $6.3 million in the last 8 hours.

The token showed strong recovery momentum, managed to break through the resistance level, and followed a bullish technical pattern that is already providing gains, thus indicating short-term upside potential.

As of September 8, PUMP was trading at $0.04708 with a decline of 2.07%, while its 24-hour trading volume was recorded at $7,324. The market capitalization is still relatively small, reflecting low but slowly increasing activity.

PUMP Holdings Reach 1.31 Billion Tokens

Based on data from Lookonchain, a crypto whale is known to have created three different wallets to open a long position on PUMP with 5x leverage in the last eight hours.

Read also: Dogecoin ETF Hype and Retail Interest Drive DOGE’s Bullish Outlook in September

The total position is equivalent to 1.31 billion PUMP tokens worth approximately $6.3 million, reflecting the growing optimism among major investors.

PUMP Price Target to $0.00550

Crypto analyst Trader Rai shared a continued bullish trading signal for the PUMP/USDT pair. According to chart analysis, the token showed strong recovery momentum, managed to break through an important resistance level, and confirmed the positive trend direction.

PUMP price is said to have crossed some major resistance areas and the uptrend is still continuing. The trade setup found an ideal long entry point at the $0.00440-$0.00450 zone, which immediately moved into the profit area. Take profit targets were set at $0.00550, $0.00620, and $0.00678 levels, with a stop loss recommendation at $0.00391.

Trader Rai also emphasizes the importance of risk management, reminding investors not to risk too much capital in a single position and to always be disciplined with stop loss levels.

This latest PUMP price formation is already generating profits, and is a clear example of how a well-thought-out strategy can bring positive results.

Read also: Whales Scoop Up $630 Million Worth of XRP: Can the Rally Continue?

Derivatives Market Shows Cautious Activity

Pump.fun derivatives data recorded a decline in activity. Total trading volume fell 31.93% to $648.46 million, reflecting reduced market participation. However, open interest (OI) actually rose 2.51% to $673.93 million, signaling that investors maintained positions despite the weak trading activity-a signal of measurable optimism in the market.

Currently, the Weighted OI stands at 0.0422%, indicating a relatively light use of leverage. Investors seem to be avoiding taking big risks and opting for a more cautious pace.

This could potentially pave the way for a breakout if trading volumes continue to decline while OI remains stable, as the market waits for a clearer price direction before taking large positions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. PUMP Rally Ignites After $6.3M Whale Push, Price Eyes $0.01428 Breakout. Accessed on September 9, 2025