Recent data reveals that two large PUMP token investors are actively selling their assets, reaping substantial profits.
PUMP Token Sales
According to EmberCN, in recent weeks two wallets sold 25.5 billion PUMP tokens, locking in roughly $39.65 million in profits. The largest seller moved 13 billion tokens, valued at approximately $71.46 million at current prices, to FalconX and multiple centralized exchanges.
Investment Structure
Both addresses were part of Pump.fun’s institutional private round. The first investor committed 100 million USDC for 25 billion tokens, while the second put up 50 million USDC for 12.5 billion PUMP. The tokens were acquired at the same price offered to retail buyers during the public sale.
Criticism and Market Trends
Despite being one of Solana’s significant meme coin launches, the PUMP token has faced criticism for its design and fundamentals. Concerns about its long-term viability have emerged, as it does not serve a functional role within the ecosystem, with competing projects beginning to gain traction.
The offloading of assets by early PUMP investors and market dynamics pose risks for retail interest, potentially increasing volatility in the short term.
