PUMP Token Soars: Whale Accumulation Fuels Price Surge

The PUMP token is experiencing a price boom, driven by substantial whale buybacks and increased market demand. Key factors driving this surge include the recent acquisition of over 4.2 billion PUMP tokens by whales, contributing to a daily price increase of nearly 10%. Pump.fun’s strategic $138 million buyback also impacted supply dynamics, further fueling investor confidence. This activity is reminiscent of past whale-led rallies in meme tokens like PEPE and DOGE, historically generating significant short-term market gains.