Pump peaks, but big investors quietly stock up for the next phase

PUMP has entered a sideways trading pattern after hitting an All-Time-High of $0.0090 on Sunday.

Interestingly, large investors have taken advantage of this slowdown, quietly adding to their holdings in hopes of another potential rally.

Sideways trading, silent accumulation

on-chain data from Santiment shows that large holders with 1 million to 10 million PUMP Token have increased their accumulation significantly over the past few days. Since the altcoin began its sideways trend, this group of PUMP investors has increased their holdings by 2%.

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This behavior shows growing confidence among “whales” in the market, which could attract retail investors back in. If this trend continues, it could set the stage for a short-term price recovery .

Furthermore, PUMP’s Smart Money Index (SMI) also confirms this bullish outlook. At the time of writing, the index is at 1.007, rising steadily throughout the Token relatively stable price.

Smart money refers to Capital managed by institutional investors or experienced traders with a deeper understanding of market trends and timing. SMI tracks their behavior by comparing selling pressure in the morning when retail investors dominate with buying activity in the afternoon when large investors are more active.

A rising SMI suggests that these investors are accumulating assets ahead of potential price moves. In the case of PUMP, the recent rise suggests that seasoned investors are increasing their holdings, possibly in preparation for a recovery.

Can PUMP Break Above $0.0090 Barrier?

The sustained demand for PUMP from these key investors could see it retest the barrier formed by the All-Time-High of $0.0090. Breaking this resistance could open the doors to new price highs.

However, the PUMP could extend its sideways trend if selling pressure increases. If demand weakens, it could even fall to $0.0075.