🚨 The PUMP currency is at a crossroads: Will the bulls withstand the pressure from the whales? 🚨
🔹 Whale profits:
One of the major whales sold 1 billion PUMP coins worth 8.25 million dollars, achieving a profit of 3.86 million dollars, and still holds 208.83 million tokens.
🔹 Current indicators:
Spot flows reached 10.59 million dollars ➡️ A signal for increased liquidity.
Open Interest has risen to 1.21 billion dollars ➡️ An increase in speculation.
🔹 Technical levels:
The price broke through the 0.007$ area and turned it into support.
It is currently trading at 0.0083$ with the potential to move towards 0.009$ if buyers maintain the support areas.
⚖️ The challenge:
Large liquidity entry is positive.
However, the whales remaining in profit-taking mode may pressure the price.
📈 Summary: Continued buying flows and support protection may pave the way for further increases, but the market remains sensitive to any selling movements from the whales.