Crypto trader Ansem said in a post on X that he has recently converted part of his Solana (SOL) position into PUMP, betting that PUMP can push above $0.01.
He said a breakout above PUMP’s all-time high would create room for higher valuations across newly issued tokens. Ansem also said PUMP has climbed about 5x from its summer low this year, but in his view it is still undervalued. He pointed to an ongoing long accumulation phase, a continuing buyback mechanism, and rising attention around its cross-chain mobile app.
View on majors and altcoin rotation
Ansem said BTC, ETH, and SOL have all held near the top of their recent ranges, with price action still looking healthy. He added that the market has not yet gone through a large-scale liquidation event, but that many participants are still in the wrong positions, which in his view leaves room for more upside.
On altcoins, he said the market has entered different cycle stages. ZEC, HYPE, and PUMP are the three trend assets he is watching most closely right now.
ZEC named as a key asset on his radar
According to Ansem, ZEC has been one of the strongest performers over the past year, rising from about $40 in September 2025 to a range of $400 to $1,600 in the third quarter of 2026. He said its market capitalization expanded from roughly $500 million to $20 billion over the same period.
He added that ZEC has now entered a high-volatility phase similar to Bitcoin’s 2017 cycle, with the potential for sharper advances as well as deeper pullbacks.
Q4 outlook stays bullish
For the fourth quarter, Ansem said his overall view on the crypto market remains bullish. He expects October could bring a pullback and a washout in open interest (OI), but said the market is still in the early stage of a bull run.
He also warned that chasing upside with high leverage carries elevated risk. In his view, high-conviction spot positions offer a better setup.