18.07.2025 06:22

Analysis from BitMEX reveals a significant sell-off among early investors in Pump.fun's PUMP token. A substantial 59.6% of the initial 10,145 wallets that participated in the US$500 million token sale have already moved their holdings. This represents a considerable portion of the investors who took part in this highly anticipated presale.

These investors, having acquired PUMP tokens during the lucrative US$500 million (AU$769.5 million) sale, have transferred their assets to centralized exchanges or external wallets. This on-chain data underscores a concerning trend, suggesting a lack of long-term confidence in the project's future among a large segment of its early adopters. The scale of this early divestment raises questions about the token's underlying value proposition.

The exodus of nearly 60% of PUMP token holders within a short timeframe following the presale is noteworthy. This significant sell-off indicates a potential lack of confidence in the project's long-term viability among a large portion of initial investors. The reasons behind this mass offloading remain to be fully investigated but raise concerns for potential future price volatility. The data, sourced from internet resources, paints a less-than-optimistic picture for the PUMP token's immediate future.