by Vincent Muthee
Alon Cohen, the founder of memecoin launchpad Pump.fun hinted earlier today that there is an upcoming big ecosystem announcement this week. Amid this news, the platform’s native token, PUMP – which was launched recently, has rallied as investors anticipate a bullish rally.
While the token has been facing pressure and a market share collapse for the Pump.fun network, this news could be the turning point for the token. This token has had a rocky month with the price dipping over 42%. But perhaps, the price could soon experience a relief.
Alon Cohen’s ‘Big Ecosystem News’ Hint
Barely a week after the surfacing of Pump.fun’s market share struggles, the memecoin launchpad founder Alon Cohen has hinted at upcoming big news. The timing of this update is crucial as the launchpad has been trailing behind LetsBonk in market share for a while, in recent times.
huge announcement coming for organic community coins in the pump fun ecosystem this week.
— alon (@a1lon9) August 4, 2025
Nonetheless, this hint is vague as it lacks clarity on what to expect. However, while the crypto community is still guessing on what the ‘huge ecosystem announcement’ could be, the announcement has left the market interested.
According to Lookonchain, an onchain data tracking platform, whales are now going big on Pump.fun. One whale, for example, identified by wallet address 0x9324, bought a total of 1.06 billion PUMP. These tokens were worth over $3.28 million at the time of purchase.
The whale further went ahead to open a 3x long position on the coin using $1.83 million-worth of the tokens bought earlier. This action paints a strong resurgence of confidence amongst Pump.fun enthusiasts.
Pump.fun Surges 6% Fueled by Optimism From Cohen’s Hint
With investors now showing interest in the token in anticipation of the big ecosystem news, the token is rallying. According to data by Coingecko, the coin has rallied by 6.2% over the last 24 hours. As of this writing, Pump.fun is trading at $0.003206.
However, the current level shows a slight retrace from an earlier surge of up to 15%. The coin previously peaked at $0.003357 as the Cohen hint surfaced. The lowest point the coin has reached today is $0.002781.
But regardless of the slight correction in the price of PUMP, the now much-anticipated announcement could change its trajectory for good. So far, the coin is fairing quite well awaiting further push upwards.
What’s Next for PUMP After Breaking Out From a Falling Channel
In its recent price performance Pump.fun’s native token PUMP managed to break out from a multi-week falling channel. With the price now above $0.003200, investors now eye a higher target.
However, according to data by TradingView, the 200-day Exponential Moving Average (EMA) at $0.003382 is acting as a strong resistance. Climbing past this level will be crucial for further upside price movement.
In case the momentum fails to hold, the 2-day EMA at $0.002996 and the 50-day EMA at $0.002951 are offering strong support. Dipping below these levels, however, could spell more struggles for Pump.fun. The coin could potentially move into a horizontal range-bound movement or plunge sharply in case strong profit-taking kicks in.
#blockchain #crypto, #decentralized, #distributed, #ledger
