Trader Eugene Predicts PUMP Token Price Rebound
- Trader Eugene buys PUMP amid sell pressure.
- Expects rebound to $0.006-$0.007 range.
- No statements from official PUMP project leads.
At a recent disclosure on July 19, 2025, trader Eugene Ng Ah Sio purchased PUMP tokens amid significant selling pressure, expecting a rebound in its price range.
The unexpected price decline of PUMP has caught the attention of investors and traders, sparking interest in its recovery potential despite lacking endorsements from project leaders.
In a surprising move, trader Eugene disclosed his purchase of PUMP tokens after observing selling pressure. Eugene, who had initially bypassed participation at PUMP’s launch, believes the price will consolidate and potentially rebound. The sharp decline from a former high of ~$0.005 has left many investors in a loss phase. Eugene’s analysis suggests that $0.004 may act as a critical support level.
“Given the frenzy at launch, most investors likely entered at an average price of $0.005 or higher. Now, with the price dropping to $0.004, almost everyone is facing significant losses…[but] $0.004 should serve as a key support level, as the ICO was heavily oversubscribed…Based on these factors, Eugene believes the price could rebound to the $0.006–$0.007 range.”
No insights or comments have been provided by the PUMP project’s core team.
The PUMP token’s price fall, contrasting market-wide bullish trends like ETH’s 30% rise, has affected confidence. While trader commentary hints at potential recovery, actual on-chain data remains unreleased. Without official leadership guidance, speculation primarily drives market sentiment. The market impact of this event includes confusion and potential strategic pivots.
Trader commentary and speculation indicate possible support levels and rebound opportunities, but official data or announcements lack clarity. The speculative nature of expected recovery relies on market dynamics rather than concrete developments in the project’s roadmap.
