Pump.fun is preparing to launch its own token, with plans to raise as much as $1 billion in initial sales. According to some reports, the sale could value the project’s token at around $4 billion.
The token will be offered to both private and public investors. Reports suggest the sale could take place within the next two weeks, although no official date has been announced.
BeInCrypto earlier reported that the launch could take the form of either an airdrop or a Liquidity Bootstrapping Pool (LBP). Each option comes with trade-offs, but the project has not yet disclosed which route it will take.
Speculation around the launch intensified today after Bybit renamed a previously listed token. The token, originally called ‘PUMP’, was tied to PumpBTC, a liquid staking protocol for Babylon.
Bybit changed the ticker to ‘PUMPBTC’, leaving ‘PUMP’ available.
Bybit has renamed the ticker for PumpBTC from $PUMP to $PUMPBTC.
This change is exclusive to Bybit and does not affect listings on other exchanges.
This move triggered fresh discussion within the crypto community, with many pointing to a likely token launch by the Solana-based platform. That speculation has now been confirmed.
Pump.fun has not released further technical or tokenomic details yet.
This is a developing story, and more information is expected in the coming days.
PI is poised to unlock over 250 million tokens in June, a move that could significantly intensify the selling pressure already weighing on the altcoin.
With technical indicators showing dwindling investor interest, PI could slide to its all-time low of $0.40 or even breach that threshold.
Pi Network Braces for June Unlock
According to data from PiScan, Pi Network is scheduled to unlock 276 million PI tokens in June. At market prices, these tokens are currently valued at approximately $176 million.
With market participants already cautious due to ongoing price weakness and low trading volume, the timing of this unlock could be particularly disruptive. Generally, an influx of tokens leads to heightened selling pressure, especially when investor sentiment is already bearish and there is no adequate demand to absorb the new supply.
This is the case with PI, as readings from its daily chart show signs of a continued decline in capital inflows. For example, the token’s Relative Strength Index (RSI) is in a downward trend and below the 50-neutral line at 40.49.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
PI’s RSI readings indicate a preference among market participants for distribution over accumulation. If this trend continues, its price could continue to slip.
Furthermore, the token’s Aroon Down Line is at 86%, confirming the strength of the decline. The Aroon indicator is used to identify trend direction and strength. When the Aroon Down line is close to 100%, it suggests that recent price action has consistently hit new lows, indicating strong bearish momentum.
Bitcoin whales have moved just $3.27 billion of BTC to Binance over the past 30 days. This figure marks the lowest whale inflow since November 2024, according to CryptoQuant.
Consequently, this drop signals declining sell-pressure from major holders. Fewer coins entering exchange order books often underpin stronger price support.
Bitcoin Whales Continue Holding
CryptoQuant analyst JA Maartunn explains that during March and November 2024 rallies, whale inflows surged above $6.17 billion and $8.44 billion. Those peaks coincided with sharp pullbacks, as whales locked in gains at higher prices.
Furthermore, subdued whale deposits suggest holders now prefer to retain or relocate coins off-exchange. Many may move BTC into cold storage or over-the-counter venues, reducing visible supply.
Binance Whale Flow Chart. Source: CryptoQuant
As a result, the market faces tighter liquidity. Lower sell-walls on Binance create room for price advances. Traders often view this as a bullish backdrop.
On the price front, Bitcoin recently climbed to about $104,000. That rally found support partly because large-scale sell orders failed to materialize. Last week, CryptoQuant data showed that ‘new Bitcoin whales’ hold most of the capital.
These whales bought at an average price of $91,922, so they likely aim for a much higher selling price.
However, macro factors still influence market direction. Fed policy decisions, regulatory shifts and geopolitical events can trigger sudden supply surges.
In addition, on-chain metrics show long-term holders increasing their positions. Such accumulation often precedes sustained up-moves, as coins effectively vanish from the circulating supply.
Nonetheless, subdued whale activity does not guarantee uninterrupted gains. Retail sentiment, derivatives positioning, and institutional flows can reignite volatility.
Diverging BTC inflows on Binance: Whales vs Retail
“Overall, total inflows across all investor categories remain much lower than what we’ve seen in peak market phases.” – By @Darkfost_Coc
Ultimately, the six-month low in Binance whale inflows reflects tentative confidence among large holders.
If whales maintain this restraint, Bitcoin may find firmer footing above $100,000. Yet market watchers will track any shift in whale behavior for early warning of changing sentiment.
Meme Coins To Watch Today include Test Token (TST), Vine (VINE), and Broccoli 714 (BROCCOLI), each showing high volatility and intense trading activity.
TST surged in volume by nearly 65%, gaining traction despite its origins as a tutorial token. VINE is under pressure, with a volume/market cap ratio over 125%, signaling heavy speculation. Meanwhile, BROCCOLI is down 10% amid rumors of its discontinuation, though the lack of an official statement has left traders uncertain and on edge.
Test Token (TST)
Launch Date – February 2025
Total Circulating Supply – 900 Million TST
Maximum Supply – 1 Billion TST
Fully Diluted Valuation (FDV) – $64.5 million
TST, originally launched on BNB Chain as a demonstration token for a meme coin tutorial using the four.meme platform, has unexpectedly gained real trading momentum.
In the past 24 hours, its volume surged nearly 65%, hitting $50.75 million.
Despite a broader dip in BNB Chain’s weekly DEX activity (down 21.14%), the network still ranks as the third-largest chain by DEX volume over the past seven days, trailing only Solana and Ethereum with $6.2 billion.
On the technical side, TST recently attempted to break past the $0.070 resistance level but failed to hold above it.
A successful retest could clear the way for a push toward $0.072 and potentially $0.0865.
However, support at $0.0648 remains crucial—if that breaks, TST risks falling back to $0.060.
Vine (VINE)
Launch Date – January 2025
Total Circulating Supply – 1 Billion VINE
Maximum Supply – 1 Billion VINE
Fully Diluted Valuation (FDV) – $35.25 Million VINE
VINE has dropped nearly 7% in the last 24 hours, with trading volume hitting $44 million—surpassing its market cap of $34.7 million and pushing the volume/market cap ratio to a staggering 125.72%.
This high ratio suggests intense speculative activity and rapid token turnover, but also signals potential volatility ahead.
With such imbalance, price swings in either direction could be sharp and sudden depending on sentiment shifts and liquidity.
If this bearish signal plays out, the token could fall to key support at $0.0324, and a breakdown from there may drag it further to $0.0287 or even $0.0262.
However, if buyers step in and reverse the current downtrend, VINE may test resistance at $0.0389. A strong breakout above that level could open the path to $0.0424 and potentially $0.0482.
Broccoli 714 (BROCCOLI)
Launch Date – February 2025
Total Circulating Supply – 1 Billion BROCCOLI
Maximum Supply – 1 Billion BROCCOLI
Fully Diluted Valuation (FDV) – $27.47 Million
BROCCOLI, one of the most talked-about meme coins on BNB Chain in recent months, has been down 10% in the last 24 hours due to controversy surrounding its development.
A post from an account claiming to be the project’s CTO stated that BROCCOLI 714 would be discontinued due to various challenges.
However, many in the community believe the post may result from a hack, especially since no official announcement has come from the BROCCOLI team. This uncertainty has fueled panic and accelerated the sell-off.
From a technical perspective, if bearish momentum continues, BROCCOLI may test support at $0.025—and if that level breaks, further downside to $0.022 becomes likely.
Conversely, a reversal fueled by clarification or a positive update could drive a recovery toward the $0.0292 resistance.
A breakout above that may pave the way for gains to $0.032 and potentially $0.034.
