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Pump.fun whales have offloaded over $160 million in PUMP tokens as the memecoin plunges below its ICO price. Early investors are dumping billions of tokens, sparking fears of a broader market correction.
- Two early Pump.fun backers moved $160M in PUMP tokens to exchanges amid price decline.
- Top Fund 1 wallet still holds $29.5M in PUMP after offloading $90M worth last week.
- PUMP's drop below ICO price signals potential memecoin market instability.
📎 Related coverage from: cointelegraph.com