Two wallets dumped 1.25B PUMP cash inside 2 hours, incurring $1.19M loss.
The transfer got here after Pump.enjoyable founder confirmed delays within the much-awaited airdrop.
The alt reveals bearishness amidst group restlessness, down 4% previously day.
Pump.enjoyable’s meme token has did not hold tempo attributable to huge dumps from key buyers.
PUMP has plummeted from its non-public sale worth of $0.004 to $0.002202 amid overwhelming promoting strain for the reason that July 12 public sale occasion.
The meme token’s sell-off continued right this moment.
Lookonchain knowledge reveals two whale wallets, linked to early buyers, dumped 1.25 billion PUMP cash inside two hours.
The mixed sale was value roughly $3.81 billion and led to losses of over $1.19 million.
2 wallets (probably non-public sale buyers) bought 1.25B $PUMP($3.81M) at $0.00305 within the final 2 hours, shedding $1.19M.https://t.co/5tx1g9vs6Lhttps://t.co/msm0ONmniu pic.twitter.com/glyBDgHfL8
— Lookonchain (@lookonchain) July 24, 2025
The contributors offloaded at $0.00305 per token.
The continued sell-offs have stirred considerations amongst PUMP holders.
Whereas huge token gross sales from early buyers are common within the digital property house, the timing and scale of Pump.enjoyable’s sale, mixed with disappointing updates concerning the much-awaited airdrop, magnified the bearish momentum.
Pump.enjoyable founder confirms no quick airdrop
Whereas analysts speculated that delayed airdrop prompted the appreciable token dumps, Pump.enjoyable’s founder has cemented this reality.
The meme generator’s founder, Alon Cohen, addressed the airdrop considerations throughout an interview with Michael ThreadGuy Jerome on Wednesday.
🚨 NEW: Alon confirms the airdrop is not going to happen within the quick future. pic.twitter.com/H3U6JhxJR7
— Crypto Briefing (@Crypto_Briefing) July 23, 2025
Alon confirmed that the venture will maintain an airdrop.
Nevertheless, he emphasised that the giveaway occasion must wait, as the present precedence stays ecosystem improvement and long-term development.
Alon clarified that Pump.enjoyable targets a well-executed and significant giveaway that rewards the group as a substitute of dashing to satisfy hype-fueled deadlines.
He mentioned:
We need to be sure that it’s a significant airdrop and it’s executed properly. We’re truly specializing in bringing again a number of that spotlight and hype to our ecosystem. That being mentioned, the airdrop shouldn’t be going to be going down within the quick future.
Alon added that they are going to talk any particulars and timelines when it’s applicable.
Whereas the reason could have made sense to some, others view it as a delay that alerts inside uncertainty or fading momentum.
Personal buyers exit Pump.enjoyable
Regardless of official affirmation, on-chain consultants have recognized addresses dumping PUMP as those who bought throughout the early public sale interval.
Essentially the most alarming factor is the contributors are opting to exit at a loss.
That might solely point out two issues: a scarcity of belief in PUMP’s short-term efficiency or strategic exits earlier than a liquidity crunch.
PUMP worth motion
Pump.enjoyable’s native token has misplaced almost 4% previously 24 hours to commerce at $0.02202.
Technical indicators display downward strain.
PUMP trades beneath the important 50- and 100-Exponential Shifting Averages on the 1D chart, confirming dominant sellers.
the 1D RSI at 55 suggests room for extra PUMP dips earlier than oversold conditions emerge.
Additionally, 3HMACD shows a weakening momentum, failing to decisively surpass the sign line for the reason that July 18 bearish crossover.
With technicals and fundamentals screaming bearish, Pump.enjoyable’s native token stays poised for prolonged declines earlier than securing a dependable footing.
