The new crypto market bull rally has added another layer of complexity to the much-awaited Pump.fun ICO, which starts on July 12th at 2 PM UTC.
While some analysts have raised their $PUMP price targets, others are concerned that it will drain liquidity from the broader market, much like the Official Trump meme coin launch.
Following Pump.fun’s recent revenue collapse and its declining dominance amid rising competition, whales have begun opening heavy margin short positions, anticipating an early and aggressive sell-off.
Still, PUMP price predictions from several analysts point to the possibility of a “hated rally,” one that could catch skeptics off guard and potentially push $PUMP toward a $10 billion valuation.
Whales Are Already Shorting $PUMP Before ICO
The Pump.fun ICO is shaping up to be the most controversial and heavily speculated token launch since US President Donald Trump and First Lady Melania decided to debut their own meme coins.
The hype isn’t surprising. The popular Solana-based meme coin launchpad has reshaped the meme coin landscape and could emerge as one of the most influential forces of this crypto bull cycle.
Since its January 2024 launch, Pump.fun has generated over $700 million in total revenue, driven by token creation, trading fees, and gradient bonding-curve mechanics. At its peak, it accounted for 70% of daily token launches on Solana.
And yet, there are reasons for concern. Daily revenue has dropped 92% from its January peak, while competitors like LetsBonk have surpassed it in both daily token launches and trading volume.
Meanwhile, the PUMP tokenomics is drawing criticism, with analysts calling it highly extractive. With 150 billion coins up for grabs in the ICO at $0.004 each, the developer team is trying to raise $600 million, after already generating over $700 million in revenue.
Moreover, 40% of the total token supply will be in control of the developer team or private investors.
Unsurprisingly, whales are already shorting $PUMP using Hyperliquid’s perpetuals platform. Data from Lookonchain flagged a whale depositing $4M USDC into Hyperliquid and opening a short with 2x leverage. Two other wallets opened shorts with $7 million margin.
PUMP Price Prediction – Why Analysts Are Still Bullish?
Yet, PUMP price predictions from several analysts reveal they are bullish, especially as the broader market outlook has improved drastically.
For instance, a prominent analyst Ignas is highly optimistic about the Pump.fun token’s upside prospects.
Ignas downplayed the panic surrounding the decline in revenue, noting that Pump has a sizable community allocation that could be deployed for liquidity mining and other incentives, suggesting revenue will rebound and $PUMP’s valuation is expected to rise again.
Similarly, he claims that the project’s tokenomics isn’t extractive, just boring, which he believes isn’t necessarily bearish.
Ignas claims that investors should simply know when to exit their $PUMP positions.
Similarly, a valuation analysis from Delphi Digital highlights that at $4 billion FDV, Pump is currently trading at a 20.34x FDV-to-earnings (180-day) multiple.
For comparison, Hyperliquid trades at 68.66x, Jupiter at 29.48x, and Raydium at 24.31x. Despite being one of the top revenue-generating protocols in DeFi, Pump remains valued below the sector average. There is a high possibility that it could be the next $10 billion meme coin.
Many are already drawing comparisons between Pump.fun Token ICO and Circle’s extremely successful IPO.
Simply put, investors may want to gain some exposure to $PUMP given its popularity, the buzz surrounding its ICO, and strong momentum across the broader crypto market. That said, leveraged trades are not recommended due to heightened volatility.
$PUMP coin will be available for purchase on the Pump.fun website or top-tier CEXs like Bybit, Bitget, Kraken and MEXC. MEXC is also offering a 40% discount exclusively to new users.
Sniper Bots See Surge in Demand Amid Meme Coin Launchpad Boom
The meme coin launchpad activity is soaring once again, even before this week’s crypto market rally. Besides Pump.fun, new entrants like LetsBonk and Raydium’s LaunchLabs are becoming increasingly popular.
Meanwhile, Snorter Bot, the fastest Solana sniper bot, is also seeing rapid adoption. Its native token, SNORT, has already raised over $1.5 million in presale.
Snorter lets users buy newly launched meme coins the moment liquidity appears, giving them a shot at early entries that usually go to whales. It also offers features like copy trading, scam filters, portfolio tracking, and limit order automation—directly inside Telegram.
With multi-chain support coming soon and trading fees as low as 0.85% for SNORT holders, the project is positioning itself as the go-to tool for retail traders in this bull market.
Meanwhile, analysts are calling SNORT the next 10x crypto.
Visit Snorter Token Presale
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