Pump.fun Token Hits 2-Month High as Ansem Reveals PUMP Buy

Pump.fun (PUMP) tokens price climbed to a two-month high on Monday as crypto trader Ansem disclosed a new position in the token and laid out a bullish case for the Solana (SOL) launchpad. The move extended a rally that began Sunday, when PUMP jumped from about $0.0016 to $0.0019 as a viral meme coin drove attention towards the platform. PUMP Rally Rolls Into Second Day After Top Trader Ansem Buys In Sundays gains coincided with a meme coin frenzy around Jimothy The Raccoon (JIMOTHY). The token climbed 186% in 24 hours to a market cap of nearly $11 million. The rally carried into Monday. PUMP jumped more than 23% and ranked as the top gainer among the 100 largest cryptocurrencies on CoinGecko. The token reached an intraday high of $0.00207, its strongest level since May 12. It traded at $0.00203 at press time. Pump.fun (PUMP) Token Price. The surge came after Ansem said he bought PUMP on the reclaim of former support near $0.001675. Follow us on X to get the latest news as it happens After Ansem(@blknoiz06) bought $PUMP with 1,500 $SOL($115K), trader 0xbf73 opened a 10x long on 764.14M $PUMP($1.53M).Liquidation price: $0.0016194 Lookonchain (@lookonchain) July 20, 2026 The trader tied his bullish thesis to Solana reclaiming retail activity this cycle. thesis: making 30-40M a month during bear market for onchain, believe that SOL will dominate retail activity again this cycle and Pump.fun will be most likely beneficiary of this activity if that happens, he said. Ansem also suggested a large token airdrop could reignite on-chain activity, drawing comparisons with Jito (JTO) and Jupiters (JUP) distributions in late 2023, which helped drive trading volumes across the Solana ecosystem. also just hard for me to believe that they dont want the token to do well as they own a meaningful amount of it which just started unlocking their entire business is centered around allowing retail to speculate on tokenization, Ansem added. Lastly, he identified that a drop to $0.0014 as the point at which his thesis would be invalidated. Subscribe to our YouTube channel to watch leaders and journalists provide expert insights