The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The native token of memecoin launch platform Pump.fun, PUMP, has plummeted over 40% in its first trading week amid heavy selling pressure. Blockchain data reveals that a significant portion of presale buyers are offloading their holdings, while some whales remain underwater.
- Over 30% of PUMP presale buyers have sold their tokens, with 53% moving holdings to exchanges, indicating further sell-offs.
- The top presale buyer realized $19M in profit, while other whales like Machi Big Brother face millions in unrealized losses.
- Despite a 3.34B token buyback by Pump.fun, PUMP's price remains down 40%, though 75% of traders are betting on a rebound.
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