Pump.fun (SOL: $PUMP), the native coin of the Solana launch pad Pump.fun has experienced massive gains in recent days. While altcoins have stalled ahead of a potential all-market breakout, $PUMP has led the rebound, gaining over 13% in the past week.
Whales Lead The Pump
The rise of $PUMP has been led by large investors. Data from Lookonchain showed that whales bought $14 million worth of coins on Tuesday, October 28, 2025. Interestingly, the purchases were made by four wallets only.
The accumulation came in anticipation of the Fed rate report on Wednesday, October 29, 2025. These purchases signal growing confidence in the recovery of the crypto market. According to the data, one wallet now holds Pump.fun coins worth over $16.5 million.
Major withdrawals from exchanges often signal bullish sentiment, which is what has been happening with $PUMP lately. It shows how whales strategically position themselves, even as the broader market deals with fear and uncertainty. Various withdrawals were reported in the recent few days. Each withdrawal was worth over $2 million in $PUMP, which further strengthens the optimistic sentiment.
Generally, when whale activity picks up, it is usually a sign of bigger things to come. In the crypto world, the whales often have access to insider data, and they make their moves just ahead of the curve. When they move crypto from exchanges, it often cuts down the available supply, which reduces selling pressure. A supply squeeze and rising market interest could potentially signal a near-term upswing.
Massive Buyback By Pump.fun
Apart from whale activity, Pump.fun has also been on a buyback spree. So far, they have bought back over $150 million in tokens, which represents around 9.6% of the supply. The move makes $PUMP one of the most supported assets in Solana. It comes second only to Raydium, which has bought back over $200 million worth of tokens to date.
Pump.fun is in a strong cash position. It has over $818 million in cumulative revenue, and daily revenue averages around $1 million. By injecting profits directly into the ecosystem, it will ensure the long-term growth of $PUMP.
The team has made various moves that position them well in the Solana ecosystem. These include launching PumpSwap, acquiring Padre, and the launch pf Pump Screener. Today, Pump.fun is behind the launch of almost all token launches on Solana, and dominates the meme coin industry.
At one point, it almost lost the title to Four.meme as Binance Smart Chain meme coins took over briefly. However, it has since recovered strongly after successfully integrating Padre.
PUMP Price Performance
As of October 30, 2025, $PUMP is trading at $0.004267, a 13.92% decline in the past 24 hours. However, it is up 136% in the past week.
With an RSI of 46.50, that signals neutral momentum. If PUMP rises above the $0.00520 resistance point, it could break out toward the target of $0.0060, and move on further to $0.0075. However, its immediate support is at $0.0041, with a stronger base around $0.003.
Is Now The Time To Buy PUMP?
If whale accumulations continue over the next few weeks, and buybacks by Pump.fun ramp up, $PUMP could rise to new highs and break past $0.00080. It could potentially be the biggest crypto of 2025. As such, adding PUMP to your portfolio could potentially result in some good short-term gains.
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