PUMP Token Plummets 40%—But Could This Unexpected Move Spark a Massive Comeback?
One investor who bought 25 billion PUMP for $100 million has already sold 17 billion. Another wallet holder who purchased 12.5 billion PUMP has sold their entire position for $14.31 million.
This large-scale sell-off by major holders is likely the key driver behind PUMP’s ongoing price decline.
$2.16M of PUMP outflow, sign of accumulation?
Amid this dip, some investors and long-term holders have begun seizing the opportunity to accumulate heavily.
Data from the on-chain analytics firm CoinGlass revealed that exchanges worldwide have recorded an outflow of $2.16 million worth of PUMP tokens in the past 24 hours.
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