22.07.2025 18:30

Pump.fun's PUMP token has plummeted, falling below its presale price and causing significant concern within the memecoin market. This dramatic decline, a 43% drop from its all-time high, follows a period of intense initial excitement and a rapid fundraising round that garnered hundreds of millions of dollars in mere minutes. The subsequent sell-off has eroded investor confidence, highlighting the inherent volatility of the memecoin sector.

The precipitous fall is largely attributed to delays in the promised airdrop and the massive offloading of tokens by large investors, often referred to as "whales." Two significant wallets, identified as participants in the private sale, have transferred a combined $160 million worth of PUMP tokens to centralized exchanges. This substantial movement, tracked by blockchain analytics, has fueled anxieties of a prolonged price correction and further downward pressure.

One of these wallets, designated "PUMP Top Fund 1," initially purchased 25 billion tokens for $100 million in USDC. Subsequently, it transferred almost 17 billion tokens—a value nearing $90 million—to exchanges, retaining a position worth approximately $29.5 million. Meanwhile, "PUMP Top Fund 2," having acquired 12.5 billion tokens for $50 million, completely liquidated its holdings, transferring the entire stake—initially valued at over $71 million—to exchange wallets.

Following an initial post-initial coin offering (ICO) surge of 72%, the PUMP token now trades considerably below its ICO price. At the time of writing, it hovered around $0.003789, representing a 9.2% decline from its ICO price of $0.004 and a dramatic 81.45% decrease from its all-time high. This situation underscores the risks associated with investing in memecoins and highlights the potential for significant price swings driven by large-scale investor actions. The incident serves as a cautionary tale for investors regarding the volatility and uncertainty inherent in this rapidly evolving market segment.