PUMP’s Price Plunge: Whale Woes or Whale Wisdom? 💸

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PUMP’s been the talk of the town, soaring 120% in a month like it’s Solana’s version of a viral TikTok dance. But lo and behold, whales just offloaded $8.26 million, sending the price into a 5% tailspin. 🐳💸

Selling pressure is very much real, like a hangover after a crypto-fueled bender. But charts? They’re still whispering sweet nothings about a rally that’s not ready to quit. 🤓

Selling Pressure Mounts, but Smart Money and Retail Flows Hold the Line

Whales sliced their stash by 5.58% in 24 hours, leaving 17.81 billion tokens-roughly $8.26 million-dead in the water. Meanwhile, exchange balances ballooned to 625.05 billion, because nothing says “I’m not greedy” like retail investors booking profits. 🧾

Even public figure wallets joined the fire sale, trimming 8.51% to 480.96 million. It’s like crypto’s version of a group breakup: everyone’s selling, but no one’s admitting they’re wrong. 😅

On paper, this explains the dip. But here’s the twist: two signals suggest the whale-wipeout might just be the calm before the next bullstorm. 🌪️

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. (Spoiler: it’s mostly just us Googling “what’s a candlestick?”) 📰

First, smart money’s still chilling. Wallets tagged as “sharp traders” are holding strong, positioned higher than September’s “I-just-need-a-redbull” days. Their recent flatline? A mirror of late August’s “sideways then boom” energy. 🔮

Second, retail demand’s still going strong. The Money Flow Index (MFI) just hit a higher high at 97.5-above its September 8 peak, which birthed a 65% rally. Rising MFI while whales sell? That’s dip buyers flexing their crypto muscles. 💪

So yeah, this isn’t a collapse-it’s a “buy the dip” masterclass in disguise. 🎓

Channel Pattern and Bull-Bear Signals Show PUMP Price Path Still Bullish

The 4-hour chart? It’s the crypto equivalent of a therapist-it sees the tiny cracks in the facade. Right now, bulls are still in charge, defending $0.00771 like it’s their last meal. 🛡️

The bull-bear power indicator? It’s basically the crypto world’s version of a yoga instructor-calm, collected, and slightly judgmental. Even with the dip, buyers aren’t giving up ground. 🧘♂️

PUMP’s still in an ascending channel, which is crypto-speak for “third reason why this won’t crash.” If selling deepens, supports lurk at $0.00660 and $0.00621. Even a pullback there won’t break the channel-unless it goes below $0.00575, which would be as dramatic as a Netflix finale. 🎬

But if PUMP reclaims $0.00876 (its all-time high) with a full candle close? That’s the green light for a “bullish encore,” with targets at $0.00940 and $0.009924. Just don’t ask us what a candle is. 🕯️

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2025-09-15 23:22