Pump.fun Price Defies Expectations with Strong Buying Interest
The price of Pump.fun has recovered significantly after its largest token unlock in history, defying expectations that it would trigger heavy selling pressure. Instead, strong buying interest pushed the token toward a major long-term descending resistance.
According to Coinpedia, around mid-July, 25% of the existing investors' allocation (32.5 billion PUMP) and 25% of the team's allocation (50 billion PUMP) began unlocking, which represents a significant increase in potential circulating supply. However, buyers have absorbed the newly unlocked supply without triggering a sustained sell-off.
The Pump.fun price has rallied nearly 50% from its recent swing low, reaching around $0.0020 and testing a key long-term resistance level. The move has shifted traders' attention to whether buyers can sustain momentum and confirm a breakout.