Pump.fun unlocked 92.50 billion PUMP tokens, and while it topped the crypto market with a 14.55% jump, the chart is eyeing another 12% rally.
The meme coin launchpad Pump.fun (PUMP) is making waves in the cryptocurrency market due to its token unlock event and price movement. CoinMarketCap shows that PUMP has not only jumped 14.55% in the past 24 hours, but also topped the crypto market today, July 15, 2026, trading at $0.00167.
This notable jump in PUMP was recorded after the project unlocked a massive 92.50 billion tokens worth over $138.85 million on July 14, 2026, as per crypto research platform CryptoRank. This was the largest token unlock of the week, alongside other token unlocks scheduled for this week.
The platform further reveals that this massive token unlock was equivalent to 23% of the project's $602.32 million market capitalization.
In crypto, such heavy token unlocks often bring selling pressure as more tokens enter circulation, but it didn’t happen; in fact, the price jumped notably.
PUMP rallied amid a big token unlock. The factors supporting this upward momentum seem to be broader market recovery, which comes after the U.S. Consumer Price Index (CPI) for June 2026 declined to 3.5%, below the expected 3.8%. In fact, this marked the first decline in five months.
In addition to CPI data, the persistent growth in Pump.fun’s Total Value Locked (TVL) also appears to be supporting PUMP's upside rally today. According to DeFiLlama, since June 5, 2026, the TVL has surged from $198.94 million to $238.89 million at press time, indicating growing investor interest and confidence in the project.
Data from the derivatives platform Coinglass further explains PUMP's upward momentum. The latest PUMP spot inflow/outflow data shows that on July 14, 2026, exchanges across the globe recorded an outflow of $1.19 million worth of PUMP, indicating potential accumulation. Meanwhile, the asset's long/short ratio stands at 1.0263, above 1, indicating bullish sentiment among intraday traders.
Now the question is whether PUMP continues this upward rally or if it will enquire a reversal in the near future.
Looking at the daily chart on TradingView, it appears that PUMP’s recent price jump has pushed it past a key resistance level of $0.00165, which it has been facing since June 5, 2026. Historically, whenever the asset reaches this level, it experiences selling pressure and downside momentum, and this has happened for the last four instances.
Apart from that, PUMP has also formed a bullish textbook-style inverted head and shoulder price action pattern with a neckline at the $0.00165 level.
Based on the current price action, PUMP's upward rally could only continue if the asset breaks out of the key hurdle of the inverted head and shoulder pattern. If that happens, the asset could open the door for further upside momentum and may see a price jump of over 12% and even higher. However, a potential reversal could also occur, or history may repeat itself, if PUMP fails to sustain above the $0.00165 level.
As per the daily chart, PUMP’s broader market structure remains bearish as price continues to trade below the 200-day Exponential Moving Average (EMA), indicating sellers remain in control.
Meanwhile, the Average Directional Index (ADX) reads 13.33, below the key threshold of 25, indicating weak trend strength.
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