PumpFun Coin Surges 11% as Whales and Project Ascend Ignite Solana Meme Market

 

PumpFun Coin Surges 11% as Whales and Project Updates Fuel Momentum

The cryptocurrency market is witnessing renewed excitement as PumpFun Coin, a Solana-based meme token, experiences a significant price rally. In the last 24 hours, PumpFun Coin ($PUMP) has surged approximately 11%, reaching a trading value near $0.004141 and a market capitalization of $1.46 billion. This price movement has drawn the attention of both retail traders and institutional observers, signaling that the surge is not merely a short-lived spike but may reflect underlying market dynamics.

According to CoinMarketCap, the 24-hour trading volume for PumpFun Coin remained around $285.76 million, with only a minor 0.73% decline. The stability of this trading activity suggests that the current rally is grounded in strong investor confidence rather than speculative hype. Market analysts are attributing this growth to two primary factors: significant whale activity and recent strategic updates announced by the PumpFun development team.

Whale Activity Sparks Investor Interest

On-chain data provided by the tracker Spot On Chain reveals that large holders, or "whales," have been actively acquiring PumpFun Coin in substantial quantities. These purchases appear to have triggered the recent price rally, as market participants often follow whale behavior as a signal of potential upside.

Source: X

For instance, whale “BGSLv” reportedly purchased 517.97 million $PUMP tokens for $2 million USDC at an average price of $0.0039 per token. This acquisition has already yielded a profit of approximately $140,000, representing a 7% return. Another significant whale, “0x302,” invested $3 million USDC through HyperLiquid to take a leveraged long position on $PUMP at $0.00409 per token. The liquidation threshold for this position is set near $0.00129, indicating confidence in continued upward momentum.

These whale movements are widely interpreted by traders as a bullish signal, suggesting that sophisticated investors anticipate further gains for PumpFun Coin. The involvement of whales provides both liquidity and credibility, creating a foundation for sustainable growth beyond short-term speculative trading.

Project Ascend and New Token Screener: Driving the Rally

The PumpFun development team has highlighted two key initiatives contributing to the current price surge.

Project Ascend: Announced on September 2 via the official PumpFun X (formerly Twitter) account, Project Ascend represents a comprehensive roadmap to expand the PumpFun ecosystem and strengthen its position in the meme coin market. The initiative aims to enhance community engagement, improve platform fairness, and create a self-contained ecosystem that reduces reliance on third-party tools. By making PumpFun Coin more accessible and versatile, Project Ascend seeks to establish a foundation for long-term growth and broader adoption within the Solana network.

Built-in Token Screener: Alongside Project Ascend, PumpFun has introduced a proprietary token screener on its official website. This tool allows users to view live charts, trading volumes, and asset pair information directly within the platform. Previously, traders relied on external services such as DexScreener, which often charge projects $300 to $5,000 for promotional visibility. By offering a free and integrated tool, PumpFun has enhanced transparency and empowered users to make informed trading decisions.

These strategic upgrades not only reinforce the utility of $PUMP but also attract new participants by offering more comprehensive tools and resources. The combination of whale activity and ecosystem enhancements has significantly influenced market sentiment, contributing to the price rally observed today.

Technical Analysis: Bulls Maintain Control

Technical indicators also support the ongoing upward momentum. TradingView charts indicate that PumpFun Coin rebounded from a low of $0.0034, establishing a strong support level near $0.0040.

Key technical signals include:

• Relative Strength Index (RSI): At 72.3, the RSI suggests strong buying pressure, indicating that market participants are actively accumulating $PUMP tokens. While the token may be approaching overbought territory, continued demand could sustain further gains.

• Moving Average Convergence Divergence (MACD): The MACD demonstrates a positive trend, signaling ongoing bullish momentum.

If the current rally maintains support above $0.0040, analysts predict that PumpFun Coin could reach $0.0043 to $0.0045 in the near term. Strong whale backing and active community engagement reinforce the potential for continued upward movement.

Expert Insights and Market Predictions

Prominent crypto trader Chartlord has shared a cautious yet optimistic view, stating, “I’ll long $Pump.fun if it returns to the $0.00383 zone.” This strategy reflects a “buy-the-dip” approach, allowing traders to enter the market at favorable levels rather than chasing immediate highs.

Looking ahead, market analysts anticipate a potential short-term correction to the $0.0038–$0.0039 range over the next week. Such a dip may present a strategic buying opportunity before another surge toward $0.0045–$0.0050. With sustained trading volume and community growth, some projections estimate the token could reach $0.0060–$0.0075 over the next two to three months.

Longer-term forecasts are ambitious but plausible. Considering the ongoing development of Project Ascend and the expanding Solana-based ecosystem, $PUMP has the potential to achieve a $1 price target by the end of 2025. Continuous innovation and increased adoption within DeFi markets could further amplify this trajectory.

Market Sentiment and Community Impact

Community support remains a critical driver of PumpFun Coin’s success. Active participation in governance, staking, and ecosystem events reinforces trust and engagement, creating a self-sustaining cycle of growth. Social sentiment on platforms such as X, Telegram, and Discord highlights excitement about Project Ascend, the token screener, and whale involvement.

The integration of the new token screener also reduces dependence on third-party services, ensuring that data and transactions remain within the PumpFun ecosystem. This development positions $PUMP as more than a meme coin, gradually transitioning toward a functional platform with practical utility.

Conclusion: From Meme Coin to Emerging Ecosystem

The PumpFun Coin price rally of approximately 11% reflects more than market speculation. It is underpinned by strategic development, whale activity, and strong community engagement. Project Ascend and the new integrated token screener exemplify the team’s commitment to building a sustainable and transparent ecosystem.

As $PUMP continues to evolve, the token may transition from a meme-focused novelty into a viable player within Solana’s broader DeFi landscape. Investors and traders alike are closely monitoring whale activity, technical indicators, and ecosystem updates to assess future growth potential. With the right momentum, PumpFun Coin could redefine what a meme-based token can achieve in a structured and community-driven crypto environment.

PumpFun Coin’s ongoing development, combined with active market participation, sets a precedent for how meme coins can evolve into fully integrated platforms. The next few months will be critical in determining whether the token achieves its ambitious targets and solidifies its role in Solana’s expanding DeFi ecosystem.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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