Traders 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 beneath its preliminary sale worth.
Blockchain analytics agency Lookonchain reported that two early backers of the memecoin, recognized in Solscan as “PUMP Prime Fund 1” and “PUMP Prime Fund 2,” have collectively despatched over $160 million in PUMP tokens to centralized exchanges.
The $PUMP worth has dropped beneath its non-public/public sale worth of $0.004.
"PUMP Prime Fund 1" spent 100M $USDC to purchase 25B $PUMP at $0.004 within the non-public sale. Thus far, he has deposited 17B $PUMP($89.5M) to exchanges by way of #FalconX and nonetheless maintain 8B $PUMP($29.58M).
"PUMP Prime 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?
Throughout the non-public sale, the Prime Fund 1 pockets bought 25 billion tokens for $100 million in USDC. During the last week, this pockets has deposited 17 billion tokens, valued at practically $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 throughout 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 proportion. 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, that means that presale buyers 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 Traders Had Excessive Hopes After Report $500 Million ICO That Bought Out In 12 Minutes
The way forward for capital formation is going on on Solana.
$600M raised in 12 minutes.Zero bankers.All whereas Wall Road was closed.
Let’s break down what simply occurred with Pump’s elevate. 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. Nevertheless, 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 almost 60% of PUMP presale individuals offered 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 proportion, emphasizing that giant floats can create important downward strain in derivatives markets.
In the meantime, the broader memecoin sector has begun to indicate 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% improve from its worth of $55 billion on June 30.
Nevertheless, 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 the moment $82 billion, in response to CoinGecko.
PUMP Crypto Sentiment On Social Media At An All-Time Low
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With presale buyers sitting underwater, and plenty of having capitulated for a loss, there aren’t many constructive 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 the moment buying and selling for round $0.0037, with many believing the $0.003 would be the subsequent stage to be misplaced. There are requires $0.001 to be the underside for PUMP, with little communication from the Pump.enjoyable crew 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 thought 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 can trigger extra promoting strain. When airdrops comes, one other enormous promoting strain. After everybody’s rekt, we might get an excellent shopping for alternative, endurance.”
Consider it or not, this is without doubt 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 crew.
Nevertheless, 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 consistently, being referred to as nothing however vaporware, earlier than it pulled off a close to 900% transfer.
Extra lately, Hyperliquid (HYPE) had a good quantity of adverse sentiment surrounding it, with many celebrating its demise because it dropped to beneath $10 earlier than rapidly producing returns of over 400% from the lows, cementing itself as a serious participant within the L1/Decentralized Trade sector.
Such strikes ought to function a warning to those that consider PUMP crypto goes to zero. The crew 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 would flip the tide for PUMP.
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