A significant whale transaction has ignited bullish sentiment around PUMP, a memecoin on the Solana blockchain. On September 21, 2025, a whale purchased 1 billion PUMP tokens for approximately $7.3–8 million in USDC via Solana decentralized exchanges (DEXs). The buyer, identified by the Solana address 8RHiqy, is known for large, institution-like transactions.
This substantial accumulation has coincided with the formation of a bullish pennant pattern on PUMP's price chart, which technical analysts project could lead to a 70% breakout. Fibonacci extension levels suggest potential price targets at $0.0095, $0.0107, and even $0.015 in the longer term.
Supporting the bullish case, on-chain data from CoinGlass reveals consistent exchange outflows, reducing the available supply. A notable $5.3 million worth of PUMP was moved off exchanges on September 20, tightening liquidity and adding upward price pressure. However, the market has shown volatility; other whales exiting their positions caused a 20% price drop amid the activity.
Neither PUMP's project leadership nor official channels have commented on the whale's acquisition. The transaction has significantly increased liquidity within Solana's memecoin ecosystem and drawn heightened trader attention to PUMP's near-term price movements.
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