PUMP token of Pump.fun launchpad has also seen high volatility over the past few days. It fell 11% in 24 hours to its current price of $0.007118. This is in line with wider pain within the memecoin sector with top tokens such as Dogecoin, PEPE, and BONK falling too. Nevertheless, PUMP was still able to see $1 billion of a day’s trade, which indicates sustained market activity.
Market Environment
The present price action in PUMP is just part of a larger memecoin market trend worth approximately $80 billion overall. The token has gained 142% over the last month but still sits 11.5% short of its all-time high price value of $0.008819 on September 14, 2025.
Recent Trading Action
The recent price decline is a result of whale sell pressure and bearish Funding Rate, i.e., short side is dominating the market. According to reports, nearly $20.59 million worth of contracts were settled in the perpetual market, which resulted in a drop in Open Interest. It is an indicator that the majority of traders are hedging against the short-term success of PUMP.
Technical Indicators
Even with the dip, there are certain technical indicators that suggest that there can be a rally witnessed. The Relative Strength Index (RSI) is at almost 74, which is more than oversold and would be a pullback. If PUMP is kept above the support level of $0.00740, stabilization or a bounce can be expected. Or, in the event of the fall below this support, some space would be left for loss.
Market Sentiment
Sentiment in the memecoin market is bearish overall. The meme sector shed a collective value of 4.8%, continuing in the footsteps of seasoned players like Dogecoin and PEPE. This is an indication of cooling off from speculative highs seen in recent periods, and here caution is needed on the trader’s part.
Future Outlook
While the PUMP token navigates through the current highly volatile market conditions, prudence is advised by experts. The current situation, in which the volumes of trading have increased and wild price swings are seen, present risk as much as promise. PUMP can see another spurt if it manages to go through the $0.008 resistance level.
