PUMP Price Soars 6% as Dormant Wallet Awakens -- What's Next for Pump.fun?

PUMP rebounded sharply, rising more than 6% over the past 24 hours as traders watch a key resistance area that could open the door to a move toward $0.0030. Attention intensified after on-chain data showed a wallet inactive for nearly seven months withdrew 73.95 million PUMP—worth about $156,000—from Bybit, following a small test transaction to confirm access. While not large enough to change liquidity on its own, the timing has fueled speculation of renewed accumulation. The rally narrative is also supported by Pump.fun’s ongoing buyback-and-burn program reducing supply, alongside improving broader crypto sentiment.