
PUMP hits two-month high after Ansem backs the token
- Pump.fun (CRYPTO:PUMP) surged 23% to its highest price in two months.
- Crypto trader Ansem said he bought PUMP, helping fuel fresh buying interest.
- The rally extended gains that began after a viral meme coin drew attention to the platform.
Pump.fun (CRYPTO:PUMP) climbed 23% to a two-month high after trader Ansem revealed he had bought the token.
The token reached $0.00207, extending a rally that started the previous day.
Ansem said he entered the trade at $0.001675 and shared a bullish view on the Solana (CRYPTO:SOL)-based launchpad.
The rally also followed strong interest in the viral meme coin Jimothy, which brought more attention to the Pump.fun ecosystem.
The price jump showed how comments from well-known traders can quickly influence sentiment in the meme coin market.
Even so, meme coin prices often swing sharply, making short-term rallies difficult to sustain.
Investors will now watch whether Pump.fun can hold its gains or if profit-taking slows the rally.
At the time of reporting, Pump.fun price was $0.001978.