Two wallets dumped 1.25B PUMP cash inside 2 hours, incurring $1.19M loss.
The transfer got here after Pump.enjoyable founder confirmed delays within the much-awaited airdrop.
The alt reveals bearishness amidst neighborhood restlessness, down 4% prior to now day.
Pump.enjoyable’s meme token has didn’t maintain tempo resulting from huge dumps from key traders.
PUMP has plummeted from its non-public sale value of $0.004 to $0.002202 amid overwhelming promoting strain because the July 12 public sale occasion.
The meme token’s sell-off continued in the present day.
Lookonchain knowledge exhibits two whale wallets, linked to early traders, dumped 1.25 billion PUMP cash inside two hours.
The mixed sale was value roughly $3.81 billion and led to losses of over $1.19 million.
2 wallets (doubtless non-public sale traders) offered 1.25B $PUMP($3.81M) at $0.00305 within the final 2 hours, shedding $1.19M.https://t.co/5tx1g9vs6Lhttps://t.co/msm0ONmniu pic.twitter.com/glyBDgHfL8
— Lookonchain (@lookonchain) July 24, 2025
The individuals offloaded at $0.00305 per token.
The continued sell-offs have stirred issues amongst PUMP holders.
Whereas monumental token gross sales from early traders are typical within the digital property house, the timing and scale of Pump.enjoyable’s sale, mixed with disappointing updates concerning the much-awaited airdrop, magnified the bearish momentum.
Pump.enjoyable founder confirms no instant airdrop
Whereas analysts speculated that delayed airdrop prompted the appreciable token dumps, Pump.enjoyable’s founder has cemented this truth.
The meme generator’s founder, Alon Cohen, addressed the airdrop issues throughout an interview with Michael ThreadGuy Jerome on Wednesday.
🚨 NEW: Alon confirms the airdrop is not going to happen within the instant future. pic.twitter.com/H3U6JhxJR7
— Crypto Briefing (@Crypto_Briefing) July 23, 2025
Alon confirmed that the venture will maintain an airdrop.
Nevertheless, he emphasised that the giveaway occasion must wait, as the present precedence stays ecosystem improvement and long-term progress.
Alon clarified that Pump.enjoyable targets a well-executed and significant giveaway that rewards the neighborhood as an alternative of speeding to satisfy hype-fueled deadlines.
He mentioned:
We need to ensure that it’s a significant airdrop and it’s executed effectively. We’re truly specializing in bringing again a number of that spotlight and hype to our ecosystem. That being mentioned, the airdrop is just not going to be happening within the instant future.
Alon added that they are going to talk any particulars and timelines when it’s applicable.
Whereas the reason could have made sense to some, others view it as a delay that indicators inner uncertainty or fading momentum.
Non-public traders exit Pump.enjoyable
Regardless of official affirmation, on-chain specialists have recognized addresses dumping PUMP as those who bought in the course of the early public sale interval.
Essentially the most alarming factor is the individuals are opting to exit at a loss.
That might solely point out two issues: a scarcity of belief in PUMP’s short-term efficiency or strategic exits earlier than a liquidity crunch.
PUMP value motion
Pump.enjoyable’s native token has misplaced almost 4% prior to now 24 hours to commerce at $0.02202.
Technical indicators reveal downward strain.
PUMP trades under the important 50- and 100-Exponential Shifting Averages on the 1D chart, confirming dominant sellers.
the 1D RSI at 55 suggests room for extra PUMP dips earlier than oversold conditions emerge.
Additionally, 3HMACD shows a weakening momentum, failing to decisively surpass the sign line because the July 18 bearish crossover.
With technicals and fundamentals screaming bearish, Pump.enjoyable’s native token stays poised for prolonged declines earlier than securing a dependable footing.
