Buyers from the non-public sale of the Pump.enjoyable (PUMP) memecoin has begun offloading billions of tokens onto exchanges, elevating issues a few potential sell-off because the token’s worth falls under its preliminary sale worth.
Blockchain analytics agency Lookonchain reported that two early backers of the memecoin, recognized in Solscan as “PUMP High Fund 1” and “PUMP High Fund 2,” have collectively despatched over $160 million in PUMP tokens to centralized exchanges.
The $PUMP worth has dropped under its non-public/public sale worth of $0.004.
"PUMP High Fund 1" spent 100M $USDC to purchase 25B $PUMP at $0.004 within the non-public sale. Up to now, he has deposited 17B $PUMP($89.5M) to exchanges by way of #FalconX and nonetheless maintain 8B $PUMP($29.58M).
"PUMP High Fund… pic.twitter.com/xibWUaCOxz
— Lookonchain (@lookonchain) July 22, 2025
PUMP Crypto Non-public Sale Whale Is Sending Tens of millions Of {Dollars} Value Of The Pump.enjoyable Token To Exchanges – Extra Blood Incoming?
In the course of the non-public sale, the High Fund 1 pockets bought 25 billion tokens for $100 million in USDC. Over the past week, this pockets has deposited 17 billion tokens, valued at almost $90 million, to exchanges. Regardless of this offloading, the pockets nonetheless holds tokens value roughly $29.5 million.
The second pockets acquired 12.5 billion tokens for $50 million through the non-public sale and has since offloaded its whole stash, valued at over $71 million, to exchanges.
Though the PUMP token confirmed bullish indicators instantly after its launch, it has been impacted by a excessive unlock share. In accordance with CoinGecko information, the token’s worth dropped to an all-time low of $0.003642 right now (July 22), representing a 46.5% lower from its all-time excessive of $0.006812, and a 32% decline since its launch on July 15.
Its present worth additionally reveals a 7% lower in comparison with its presale worth of $0.004, which means that presale traders who’ve but to promote their tokens are dealing with unrealized losses.
As of proper now, it’s unknown whether or not the PUMP crypto whale plans to dump the $90 million value of tokens they’ve moved to exchanges. Sometimes, that is what is anticipated as soon as large-scale deposits of an asset start to be made on exchanges.
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Pump.enjoyable Buyers Had Excessive Hopes After Document $500 Million ICO That Offered Out In 12 Minutes
The way forward for capital formation is occurring on Solana.
$600M raised in 12 minutes.Zero bankers.All whereas Wall Avenue was closed.
Let’s break down what simply occurred with Pump’s increase. pic.twitter.com/I4e5ChRkmb
— Solana (@solana) July 15, 2025
On July 13, Pump.enjoyable raised virtually $500 million on Solana from its preliminary coin providing (ICO) of the PUMP token, promoting out in simply 12 minutes. Nonetheless, it seems that individuals are keen to dump their tokens after the presale.
4 days later, on July 17, BitMEX shared on-chain information indicating that just about 60% of PUMP presale individuals bought or transferred their tokens to exchanges or different wallets. At the moment, 37.4% of the presale individuals retained their tokens, whereas solely 3% continued to extend their holdings.
BitMEX analysts famous that PUMP’s worth appreciation post-launch is shocking given its excessive unlock share, emphasizing that giant floats can create vital downward stress in derivatives markets.
In the meantime, the broader memecoin sector has begun to point out indicators of slowing down. CoinGecko information point out that the general market cap for memecoins peaked at $87 billion on July 21, representing a 58% enhance from its worth of $55 billion on June 30.
Nonetheless, this was adopted by a fast decline to a low of $81 billion on July 22. As of this writing, the market capitalization of the memecoin sector is at present $82 billion, in response to CoinGecko.
PUMP Crypto Sentiment On Social Media At An All-Time Low
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With presale traders sitting underwater, and lots of having capitulated for a loss, there aren’t many optimistic posts for PUMP to be discovered throughout social media. The overwhelming majority of $PUMP tags on X are bearish charts from merchants and analysts, all calling for decrease.
PUMP is at present buying and selling for round $0.0037, with many believing the $0.003 would be the subsequent degree to be misplaced. There are requires $0.001 to be the underside for PUMP, with little communication from the Pump.enjoyable group is on the roadmap for the token or the anticipated airdrop, however the worth is seemingly in free fall.
One crypto dealer, who goes by the identify @BenjiGanar has laid out their concept on how PUMP will play out from right here. The X submit reads:
“I discussed many occasions how bearish $PUMP’s tokenomics are rn (proper now), pre-sale consumers are underwater, which is able to trigger extra promoting stress. When airdrops comes, one other large promoting stress. After everybody’s rekt, we might get a superb shopping for alternative, endurance.”
Consider it or not, this is likely one of the much less scathing items of commentary on PUMP crypto, with many calling it an outright rip-off and a pure liquid extraction from the Pump.enjoyable group.
Nonetheless, one factor to notice is that traditionally, hate rallies have produced among the most parabolic strikes. Again in 2021, Filecoin (FIL) was being trashed on-line continually, being referred to as nothing however vaporware, earlier than it pulled off a close to 900% transfer.
Extra not too long ago, Hyperliquid (HYPE) had a good quantity of destructive sentiment surrounding it, with many celebrating its demise because it dropped to below $10 earlier than rapidly producing returns of over 400% from the lows, cementing itself as a significant participant within the L1/Decentralized Change sector.
Such strikes ought to function a warning to those that consider PUMP crypto goes to zero. The group has a considerable quantity of capital at its disposal to engineer a reversal on the chart. Buybacks, bullish roadmap bulletins, and a timeline for the anticipated airdrop are all issues that might flip the tide for PUMP.
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The submit PUMP Crypto Whales Transfer $160 Million To Exchanges: Extra Blood On The Approach? appeared first on 99Bitcoins.
