Crypto analyst Altcoin Sherpa has spotlighted the $PUMP token, associated with Solana’s Pump.fun memecoin platform, as a promising long-term investment. Sherpa shared a TradingView chart highlighting a potential high-time-frame bottom formation for $PUMP. Trading at $0.0041 after a 30% weekly market surge, the token defies broader market slowdowns, fueled by whale activity and aggressive buybacks.
Sherpa recommends it for investors seeking a “set it and forget it” strategy, suggesting a buy-and-hold approach every three months. The chart shows a significant drop followed by stabilization, hinting at an inverse head-and-shoulders pattern—a bullish reversal signal.
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Whale movements bolster this optimism, with one acquiring 517.97 million tokens for 2 million USDC and another opening a $3.04 million leveraged long position. Pump.fun’s daily revenue exceeding $1 million, with all fees funneled into $PUMP buybacks, has repurchased 10% of its circulating supply in 2025.
This aggressive repurchase strategy, combined with technical patterns, underscores the token’s potential. However, risks remain, as the market’s volatility and reliance on whale sentiment could sway outcomes.
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For casual investors, $PUMP offers a rare opportunity amid a crowded crypto landscape. Sherpa’s endorsement aligns with growing community hype, though caution is advised given the token’s meme coin roots and historical price swings. As the Solana ecosystem thrives, $PUMP’s fundamentals—low fees and high transaction speeds—position it for potential growth. Investors should monitor volume and neckline breakouts for confirmation, but the current setup suggests a bullish outlook worth watching.