PUMP token reclaims ICO price as high-profile whales become active

Pump. fun’s native token PUMP has recovered its ICO level, trading close to $0.005. The token drew attention in the past week with strong growth, as whales ￰3￱ is drawing the attention of whales, both on the spot market and on ￰4￱ an initial round of selling, PUMP is now interesting again, with 110% growth from its local ￰5￱ recovered to $0.0048, with a growing share of activity on Hyperliquid, surpassing even the Bybit trading ￰6￱ expanded open interest and spot trades revived PUMP, which initially was considered a token at risk of ￰7￱ the past months, ￰8￱ itself acquired more than 5.84% of the supply, using most of its daily fees to re-acquire the token and reimburse ￰9￱ bet on PUMP High-profile whales are shifting the narrative on PUMP.

However, the recent market moves are trying to challenge the predominant bearish ￰10￱ Hyperliquid, over 51% of whales still hold short positions, putting the token among the less bullish assets. Recently, one large-scale trader started opening leveraged long positions, getting exposed to risk on the narrative ￰11￱ of the closely watched whales holds three positions with varied levels of unrealized profit and loss. A whale created 3 wallets to go long on $PUMP with 5x leverage in the past 8 hours, with a total position of 1.31B $PUMP ($6.3M). ￰0￱ ￰1￱ ￰2￱ ￰12￱ — Lookonchain (@lookonchain) September 8, 2025 The whale opened up to $6.3M in long positions.

Currently, PUMP still has a skew toward short trading, much more bearish than overall assets on ￰13￱ Hyperliquid still has a relatively small market share, the public positions of whales are used as a signal for ￰14￱ is still seen as potentially undervalued and pressured by ￰15￱ ICO chose a slow season for ￰16￱ The ￰17￱ ICO happened at a relatively weak moment for the ￰18￱ token was sold at record speed, placing $500M in just 12 minutes. However, in the days after the token unlock, PUMP was sold quickly, while the meme platform noted slower ￰19￱ the ICO token launch, most metrics for ￰20￱ have ￰21￱ August, the platform habitually carried 16K to 24K daily token ￰22￱ saw increased fee activity in August, with a peak above $5M, a level not seen since February 2025. |