Whale’s $8 Million PUMP Purchase Triggers Bullish Indicators Amid Shrinking Supply

The PUMP token, which operates on the Solana blockchain,

coin, is currently indicating the possibility of a 65% surge in value, fueled by significant whale buying activity and encouraging technical signals. Recently, a prominent whale purchased 1.1 billion PUMP tokens for $8 million , with an average acquisition price of $0.0072 per token, as reported by blockchain analytics platforms . This transaction, linked to the wallet address 8RHiqyz3nZHR1owutsiSL2C87LAF6UdRiizn9yjjC8Ay, has boosted market liquidity and follows a pattern where large-scale purchases often precede notable price increases or volatility shifts .

Technical indicators further reinforce the optimistic outlook. The PUMP price chart has developed a , representing a consolidation period after a sharp upward trend. Fibonacci extension levels highlight important price objectives at $0.0095 and $0.0107, with a possible move to $0.0120 if the breakout is confirmed. Analysts from Coingape suggest that a clear break above the $0.0067 support could confirm this setup, potentially unlocking a 65% rise to $0.01, provided that strong inflows and positive sentiment continue.

Additional bullish momentum comes from exchange outflows. According to CoinGlass, $5.3 million worth of PUMP tokens were withdrawn from exchanges on September 20, 2025, tightening liquidity and reducing the circulating supply. Such withdrawals are often linked to long-term holding strategies, where major investors move assets off exchanges to avoid dilution, a move that can drive prices higher by limiting available supply. The combination of whale accumulation and shrinking exchange liquidity increases the chances of further price appreciation, as restricted supply can intensify upward trends.

This whale’s actions are part of a larger pattern of strategic investment within the

ecosystem. The same wallet also holds substantial amounts of other Solana-based assets, such as HYPE and , reflecting a diversified investment strategy . This approach is consistent with previous cases where major meme coin holders have influenced price trends, using their positions to stabilize or boost token values during volatile periods .

Experts in the market point out that the alignment of technical signals and on-chain activity presents a strong argument for continued upward movement. The pennant formation, combined with lower exchange supply and whale-driven liquidity, indicates that PUMP could push past $0.01, with longer-term targets reaching $0.015 if current trends hold. However, these forecasts depend on the ongoing pace of accumulation and the absence of short-term selling that could interrupt the bullish momentum.

PUMP’s performance is being closely monitored by both retail and institutional traders, with social media keeping a close eye on the whale’s next moves for further clues. While meme coins on Solana have a history of dramatic price swings, the current mix of technical and on-chain factors—positive chart patterns, whale buying, and reduced exchange supply—creates a distinctive environment for potential sustained growth.