After Pump.fun’s $500M ICO, almost 60% of $PUMP holders sold or transferred tokens to exchanges. Despite price drops and volume concerns, market confidence remains cautiously optimistic.
The $PUMP token generated headlines with one of 2025’s most remarkable ICOs, raising $500 million in just 12 minutes. Despite such a record-breaking launch on Pump.fun’s Solana-based memecoin platform, data reveals nearly 60% of presale participants have already moved or sold their holdings to centralized exchanges (CEXs).
BitMEX on-chain analysis shows that out of 10,145 presale wallets, 6,042 (59.6%) transferred or liquidated their tokens on CEXs shortly after launch. About 37.4% of wallets continue to hold, while a small faction increased their stake in the token within a week of its debut.
Post-Presale Dispersion and Price Volatility
Following the ICO, $PUMP surged to an all-time high of $0.006812 but swiftly retraced nearly 20% to about $0.005468. This drop followed immediate profit-taking sparked by early buyers who obtained tokens at $0.004, allowing quick returns of approximately 40% at launch.
Despite expectations of sharp downward pressure common to memecoin launches—driven by large token supply opening and aggressive shorting—$PUMP’s funding rates have notably trended positive. This indicates ongoing market confidence in potential value appreciation, contrasting typical derivatives market behavior for similar token launches.
Nonetheless, concerns loom over sustaining momentum. Pump.fun’s trading volumes have shrunk from $11.6 billion in January to $3.65 billion in June, raising questions about continued liquidity and support for $PUMP’s lofty valuation.
Market Skepticism Amid Growth Challenges
The decline in transaction volume coincides with rising competition from new players such as LetsBonk, challenging Pump.fun’s dominance in Solana-based memecoin launches. Meanwhile, institutional participants have shown strong interest, with data indicating that most presale subscriptions came via Pump.fun’s official site, including significant contributions from both small and large investors.
The dispersion of $PUMP tokens to multiple centralized exchanges like Binance, Kraken, and Bybit adds complexity to price dynamics, increasing liquidity but also fueling quick profit-taking options for holders.
This behavior underscores the dual nature of $PUMP’s launch: a groundbreaking fundraising success met with typical market pressures of speculative token sales. The token’s valuation currently sits around $5-6 billion fully diluted, a remarkable figure for a newly minted memecoin but one that may be difficult to justify without sustained trading activity and platform growth.The $PUMP token generated headlines with one of 2025’s most remarkable ICOs, raising $500 million in just 12 minutes. Despite such a record-breaking launch on Pump.fun’s Solana-based memecoin platform, data reveals nearly 60% of presale participants have already moved or sold their holdings to centralized exchanges (CEXs).
BitMEX on-chain analysis shows that out of 10,145 presale wallets, 6,042 (59.6%) transferred or liquidated their tokens on CEXs shortly after launch. About 37.4% of wallets continue to hold, while a small faction increased their stake in the token within a week of its debut.
Post-Presale Dispersion and Price Volatility
Following the ICO, $PUMP surged to an all-time high of $0.006812 but swiftly retraced nearly 20% to about $0.005468. This drop followed immediate profit-taking sparked by early buyers who obtained tokens at $0.004, allowing quick returns of approximately 40% at launch.
Despite expectations of sharp downward pressure common to memecoin launches—driven by large token supply opening and aggressive shorting—$PUMP’s funding rates have notably trended positive. This indicates ongoing market confidence in potential value appreciation, contrasting typical derivatives market behavior for similar token launches.
Nonetheless, concerns loom over sustaining momentum. Pump.fun’s trading volumes have shrunk from $11.6 billion in January to $3.65 billion in June, raising questions about continued liquidity and support for $PUMP’s lofty valuation.
Market Skepticism Amid Growth Challenges
The decline in transaction volume coincides with rising competition from new players such as LetsBonk, challenging Pump.fun’s dominance in Solana-based memecoin launches. Meanwhile, institutional participants have shown strong interest, with data indicating that most presale subscriptions came via Pump.fun’s official site, including significant contributions from both small and large investors.
The dispersion of $PUMP tokens to multiple centralized exchanges like Binance, Kraken, and Bybit adds complexity to price dynamics, increasing liquidity but also fueling quick profit-taking options for holders.
This behavior underscores the dual nature of $PUMP’s launch: a groundbreaking fundraising success met with typical market pressures of speculative token sales. The token’s valuation currently sits around $5-6 billion fully diluted, a remarkable figure for a newly minted memecoin but one that may be difficult to justify without sustained trading activity and platform growth.
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