Pump.fun Defies Ban Headlines with 4.57% Surge Amid Whale Support

Pump.fun (PUMP) saw a significant surge of 4.57% in just over 10 hours, amidst reports of a ban on its access in major markets like the US and India.

The news first broke with several widely circulated posts announcing that Pump.fun would be banned or removed from app stores in these countries, leading to an immediate drop of around 12% in PUMP's price.

However, this weakness was met by strong underlying demand, supported by visible whale buy walls and a well-circulated fundamental bull thesis focused on revenue and buybacks.