Pump.fun Whale, Team Offload Tokens
A major whale wallet sold 3.37 billion PUMP tokens for $7.23 million, leaving just $788,000 remaining. Separately, the Pump.fun team itself conducted sales totaling $5.75 million in PUMP tokens. The significant sales from both a large holder and the project's team are being viewed as a major liquidity test for the token.
- The whale wallet, identified by the address starting with '77DsB', conducted its sales over a series of transactions, not a single event. Prior to the sale mentioned in the card, this same address had sold 2.07 billion PUMP tokens for approximately $4.55 million. - A wallet associated with the Pump.fun team had received 3.75 billion PUMP tokens, valued at $25.39 million at the time, from a Token Custodian wallet seven months before recent sales began. One of the team's sales involved offloading 543.23 million PUMP for $1.2 million, resulting in a reported loss of $2.48 million on that specific lot of tokens. - The PUMP token has a total supply of 1 trillion. The project's initial public sale in July 2025 raised $600 million in just 12 minutes, offering 15% of the total supply at a price of $0.004 per token. - Launched in January 2024, the Pump.fun platform allows users to create their own meme coins on the Solana blockchain for a fee of less than $2, without needing to provide initial liquidity. - Tokens created on the platform utilize a bonding curve model, where the price is determined by supply and demand. Once a coin reaches a market capitalization of $69,000, it "graduates," and liquidity is automatically established on the decentralized exchange Raydium. - The platform is reportedly developing its own automated market maker (AMM), which could replace its current reliance on Raydium. This would enable Pump.fun to internalize trading fees from graduated tokens. - These significant sell-offs have contributed to the PUMP token's price falling below its initial $0.004 public sale price and breaking through key technical support levels. - The sales pressure coincides with increased competition in the meme coin launchpad space. Rival platform LetsBonk, for example, has at times surpassed Pump.fun in terms of processed volume.
