Whales dump 25.5B PUMP, rake in $39.6 million profit

On-chain data shows two private round investors of the $PUMP token have offloaded a significant portion of their holdings in recent weeks.

According to EmberCN on Monday, these wallets sold a combined 25.5 billion PUMP (PUMP) tokens over the past week, locking in roughly $39.65 million in profits. The largest seller moved 13 billion PUMP, worth about $71.46 million at current prices, from their wallet to FalconX and multiple centralized exchanges, cashing out at an average price of $0.0055. This single move netted an estimated $19.5 million profit.

The second whale cleared out its entire 12.5 billion PUMP allocation over the same period. Those sales, averaging $0.0056 per token, generated approximately $20.15 million in gains.

Both of these addresses were part of Pump.fun’s institutional private round. The first whale initially committed 100 million USDC for 25 billion tokens, while the other put up 50 million USDC for 12.5 billion PUMP. 

The tokens were acquired at the same price offered to retail buyers during the public sale, with no lock-up period attached, allowing these early backers to cash out as soon as trading volumes surged. The aggressive profit-taking comes amid Pump’s slide, with the token dipping by over 31.4% in the past month.

Pump trades at $0.0043 at the time of writing, down roughly 3.6% over the past 24 hours. Meanwhile, despite being one of Solana’s most significant meme coin launches, Pump.fun’s PUMP token is already under scrutiny for its design and fundamentals.

The platform’s public sale, which offered 33% of the total 1 trillion supply at $0.004 per token, implied a fully diluted valuation of $4 billion. However, a recent BitMart Research report has raised concerns about its long-term viability, warning that the token lacks real utility and plays no functional role within the ecosystem.

Critics also note that Pump.fun’s dominance in Solana’s meme coin ecosystem has been waning. Competing launchpads like LetsBONK.fun have started pulling ahead in daily revenue, supported by tokenomics that reward holders through buybacks and liquidity boosts, features absent in PUMP’s design.

These concerns, paired with the current altcoin liquidity squeeze, suggest heightened volatility if early investors continue cashing out. The aggressive profit-taking by private round whales underscores that risk, potentially pressuring retail sentiment in the short term.