$13.6M Pump.fun Token Unlock Triggers Price Action

Pump.fun, a cryptocurrency project, has unlocked $13.6 million worth of tokens for its team and investors. The token unlock occurred five hours ago, releasing 4.94 billion PUMP tokens to 125 separate wallets.

The price action on the four-hour chart indicates a bullish structure, with the price holding long-term support at around $0.0. However, the neutral RSI reading of 51.04 and the MACD death cross suggest limited momentum and a possible test of upper band resistance at $0.0.

The setup informs near-term PUMP price prediction models, which may be tested in the coming hours or days.