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 group restlessness, down 4% prior to now day.
Pump.enjoyable’s meme token has did not hold tempo resulting from large dumps from key traders.
PUMP has plummeted from its non-public sale worth of $0.004 to $0.002202 amid overwhelming promoting stress because the July 12 public sale occasion.
The meme token’s sell-off continued at present.
Lookonchain information 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 (possible non-public sale traders) bought 1.25B $PUMP($3.81M) at $0.00305 within the final 2 hours, dropping $1.19M.https://t.co/5tx1g9vs6Lhttps://t.co/msm0ONmniu pic.twitter.com/glyBDgHfL8
— Lookonchain (@lookonchain) July 24, 2025
The members offloaded at $0.00305 per token.
The continued sell-offs have stirred issues amongst PUMP holders.
Whereas huge token gross sales from early traders are common within the digital property area, 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 rapid 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 rapid future. pic.twitter.com/H3U6JhxJR7
— Crypto Briefing (@Crypto_Briefing) July 23, 2025
Alon confirmed that the challenge will maintain an airdrop.
Nevertheless, he emphasised that the giveaway occasion should wait, as the present precedence stays ecosystem improvement and long-term development.
Alon clarified that Pump.enjoyable targets a well-executed and significant giveaway that rewards the group as a substitute of speeding to fulfill hype-fueled deadlines.
He stated:
We need to ensure that it’s a significant airdrop and it’s executed properly. We’re truly specializing in bringing again quite a lot of that spotlight and hype to our ecosystem. That being stated, the airdrop will not be going to be going down within the rapid future.
Alon added that they may talk any particulars and timelines when it’s acceptable.
Whereas the reason could have made sense to some, others view it as a delay that alerts 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.
Probably the most alarming factor is the members are opting to exit at a loss.
That would solely point out two issues: an absence of belief in PUMP’s short-term efficiency or strategic exits earlier than a liquidity crunch.
PUMP worth motion
Pump.enjoyable’s native token has misplaced almost 4% prior to now 24 hours to commerce at $0.02202.
Technical indicators display downward stress.
PUMP trades under the very 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.
