Pump, the new token for Pump.Fun, is now 25% below the ICO value. Two of the biggest buyers rushed to sell their stocks on the exchange, deepening their crash today.
Pump.Fun’s token pump has slid over 13.8% in the past day and traded for $0.003. Currently, tokens are down about 25% from ICO prices, and are still clear after the initial meeting.
The pump slipped to an all-time low as early whales settled their holdings. |Source: Coingecko
Pump sales have also accelerated even after the launch of the centralized list. Prices have been slided with GATE, MEXC, BitGet and other exchanges. Initially, I also saw the tokens being sold from Team Wallet. A short attempt I’ll buy it back The token did not change the pump’s emotions.
Despite recently, the token has been slided okx Transaction campaign. The pumps either did not behave like previous airdrops or followed the trajectory of stocky penguins (penguins) or high lipids (hype) that emphasized community and retention.
Large ICO buyers pump
Data on the chain shows that two of the first whale buyers quickly eliminated their holdings. The wallet, identified as Pump Top Fund 1, initially spent $100 million to acquire tokens, indicating a private transaction or a larger partnership.
The fund bought a 25B pump for $0.004 and then deposited 17B tokens worth $89.5 billion. The wallet is retained 7.99b Its main retention pump except for minor meme tokens. The Whale settled its shares through Falconx Exchange.
Another large buyer, Pump Top Fund 2, spent 50m USDC on previous sales, sent all 12.5B tokens in exchange, locking at $71.75 million. wallet Keeps only 10 pumps and minimal meme token balance.
The two buyers followed the example of early whales that dumped an additional 25.5B pump soon after launch. The whale was sold at the first meeting and locked in $40 million Profit.
Over 76% of the pumps were placed in pre-sale on the site, with the remaining tokens spreading to retail through exchanges. Over 80% of buyers moved the token immediately, and 31.5% of buyers settled the pump via DEX.
Most pump buyers moved tokens and over 31% were sold immediately during the DEX trading phase. |Source: Dune Analytics
As a result, the pump is the worst performance token in the last 90 days, eliminating its 40% value from its peak. Pump pre-sale took place at one of the records market rally, but the hype didn’t spread to new tokens. ICOs were also considered a type of extraction.
The pump whale moved to SOL, then promoted to over $200, with an extended initial gain. As a side effect, Pump.Fun Presale was able to increase the demand for solubility.
Pump.Fun is still behind other meme platforms
Pump.Fun is causing around 8,000 to 10,000 tokens from 5,580 creator addresses.
Over the past two weeks, Letsbonk continues to generate more than 22k tokens every day, increasing the number of Dex pair graduations. New platform achieved $1.84 million Improve your own records with daily fees.
Pump.Fun and its native Pumpswap Dex are generated around $1.21 million Fee. On average, exchanges achieved 284 graduation tokens each day, but in a few days, less than 100 tokens moved to Dex. Even after graduation, most tokens lose activity within a month. only 7% Pump.fun’s graduation token will continue to be active in Dex one month after graduation.
