The cryptocurrency market rebounded slightly today (July 20). However, among the top 100 assets by market capitalisation, the most eye-catching performer is not Bitcoin (BTC) or Ethereum (ETH), but Pump.fun's native token PUMP.
At the same time, there is a view that this may not be just a short-term price surge, but the beginning of a more sustained rally.
What happens next?
PUMP rose 20% in a single day, and the price climbed to about US$0.002, the highest point since mid-May. Its market value also soared to nearly US$800 million, ranking 71st in the market value of cryptocurrencies.
A potential catalyst for this strong performance may come from rising interest from well-known industry players. According to Lookonchain, well-known cryptocurrency trader and KOL Ansem bought PUMP for 1500 SOL (worth approximately US$115,000), while another anonymous user opened a 10-fold leveraged long position of US$1.5 million.
Today, Crypto X is full of analysts optimistic about further rise in PUMP. Crypto Patel claims that the token has confirmed a breakthrough in a long-term time frame, implying that there may be 200% room for upside.
X user 0xNeena believes that once the price decisively exceeds US$0.002, a new wave of rising prices may start. Greeny is more radical, believing that this may signal the beginning of a bull market that may last into 2027.
Captain Faibik also joined the discussion, predicting that PUMP may soon soar to around $0.0047, setting a new high since November last year.
Be aware of potential risks
In an environment where sellers are dominated and bear markets have frustrated investor optimism, we need to keep in mind that PUMP's rally may be just a flash in the pan. In the past few months, many altcoins have rebounded for a while, but then surrendered double-digit gains in days or even hours.
PUMP's Relative Strength Index (RSI) is also worthy of vigilance. The indicator has risen above 70, which means that the token has entered an overbought range and may face a correction. RSI technical indicators range from 0 to 100, with readings below 30 generally considered buying opportunities.

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