Trader Says Pump.fun (PUMP) Set for Rallies Above ICO Price in ‘Free Trade’ – Here’s Why
A popular crypto trader thinks Pump.fun (PUMP) is primed for a price surge. The pseudonymous analyst known as Pentoshi tells his 881,100 X followers that PUMP could jump past its initial coin offering (ICO) price of $0.004. “PUMP has bought back 5% of the circulating supply, with about 4% of that in the last month, and is generating high revenue once again. 1% a week is a pretty free trade. I think this will be trading over the ICO price in the very near future, and possibly even towards all-time highs as long as nothing else changes or [Pump.fun founder] Alon doesn’t change the buybacks. I’ve been a pump fun hater for what it’s worth. But can’t deny the fact that 1% a week means someone is on the wrong side (sellers). Unless that changes or the price goes high enough that it lacks impact over a long period of time.” PUMP is trading at $0.00385 at time of writing. The 94th-ranked crypto asset by market cap is up more than 13....