Pump.fun Price Rallies 50% Despite Record Token Unlock

Pump.fun (PUMP) has seen a nearly 50% price increase from its recent low of $0.0013 to around $0.0020, despite the largest token unlock in project history.

The token unlock, which released 25% of investor allocations and 25% of team allocations, typically would put downward pressure on price. However, buyers absorbed the new supply and pushed price toward a key long-term descending resistance level at $0.00210-$0.00215.

Pump.fun's recent launch of 'BOOST mode' has also added to the narrative around PUMP. This mechanism redirects dead liquidity from coin migrations into buys and burns, improving the economics of the broader ecosystem.

The technical picture remains at a crossroads, with Open Interest declining even as price rises. This suggests spot buying rather than new leveraged positions are driving the move.