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Pump.fun token jumps to two-month high after Ansem discloses PUMP buy

Pump.fun token jumps to two-month high after Ansem discloses PUMP buy

PUMP rose to $0.00207 as trader Ansem disclosed buying near $0.001675, while a separate trader opened a $1.53 million 10x long shortly afterward, according to BlockBeats citing Lookonchain.

SOL

Fact Check
All key claim elements are corroborated. BeInCrypto confirms PUMP's $0.00207 two-month high and Ansem's ~$0.001675 buy. The primary Lookonchain post and BlockBeats confirm Ansem's ~$115K (1,500 SOL) buy and the subsequent 764.14M PUMP (~$1.53M) 10x long by trader 0xbf73. Phemex independently confirms the ~$0.001675 buy level and Ansem's Solana thesis. Numbers and sequence are consistent across sources.
Summary

Pump.fun’s PUMP token climbed more than 23% on Monday to a two-month high of $0.00207 before trading around $0.00203 at press time, extending a rally that began Sunday as meme-coin activity drew attention back to the Solana launchpad. Momentum accelerated after trader Ansem disclosed he bought PUMP near $0.001675, with the purchase described in a later report as 1,500 SOL, or about $115,000. Shortly afterward, a separate trader opened a 10x leveraged long position worth $1.53 million involving 764.14 million PUMP tokens, BlockBeats reported on July 20, citing Lookonchain. Ansem argued pump.fun was still generating roughly $30 million-$40 million in monthly revenue during a bear market, could benefit if Solana regains strength in retail on-chain trading, and said a drop to $0.0014 would invalidate his thesis.

Terms & Concepts
  • Pump.fun: A Solana-based token launchpad platform.
  • on-chain trading: Trading activity that takes place directly on a blockchain rather than through a centralized intermediary.
  • 10x leveraged long position: A bullish trade using borrowed funds to magnify exposure tenfold.