Oh, the crypto circus is in town, folks! The PUMP token, that little engine that couldn’t, got rejected at $0.00238 faster than a bad pickup line at a wedding. Down it went to $0.0021, all thanks to a market correction that’s got more drama than a Mel Brooks movie. And what did the Pump.fun team do? They decided to throw a fire sale, of course!
Pump.fun’s Great Token Toss-Off: 543 Million PUMP Hits the Curb
According to Onchain Lens (the Sherlock Holmes of blockchain), the team’s wallet got a whopping 3.75 billion PUMP tokens, worth $25.39 million, from the Token Custodian. Seven months later, they sold 543.23 million of those bad boys for a measly $1.2 million. That’s right, they took a $2.48 million loss! Somebody get them a participation trophy!
But wait, there’s more! Even after this garage sale, they’ve still got 3.2 billion PUMP tokens sitting pretty at $7.07 million. Too bad PUMP’s peak of $0.009 in 2025 feels like a distant memory, leaving them $17 million lighter. Ouch.
Selling during a market dip? Brilliant! It’s like pouring water on a drowning man. Way to stabilize the market, guys. Next time, maybe try a bake sale?
And it’s not just the team having a sell-off party. Investors and holders are dumping PUMP like it’s last season’s fashion. Coinalyze data shows 641.5 million in Sell Volume vs. 629 million in Buy Volume. That’s a negative Buy-Sell Delta of -12 million PUMP. Somebody call the fire department-this market’s on fire… with panic selling!
In the last 48 hours, over 8.6 billion PUMP tokens hit the sell side. That’s not pressure-that’s a full-blown sell-side tsunami. Grab your life jackets, folks!
Increased selling during a correction? That’s like adding salt to a wound. Spoiler alert: prices might just keep sliding. Who saw that coming? Oh, right, everyone.
PUMP’s Price: A Comedy of Errors
Shockingly, all this selling has hurt PUMP’s price. It’s now at $0.0021, down 0.19% on the daily charts. Two days of lower highs? That’s not a trend-that’s a tragedy. PUMP fell below its EMAlong, proving buyers are as confident as a mime in a debate.
The Relative Strength Index (RSI) crossed below 50, hitting 47. That’s not just bearish-that’s grizzly bear territory. Momentum indicators are screaming, “Run for the hills!”
If sellers keep this up, PUMP might hit $0.0017 faster than you can say “crypto crash.” But hey, if buyers somehow find their backbone and reclaim $0.0022, maybe-just maybe-PUMP can aim for $0.0026. Don’t hold your breath, though.
The Grand Finale (Or Is It?)
- PUMP fell to $0.0021 after failing at $0.0023. Market correction? More like market chaos.
- 543.23 million PUMP tokens sold for $1.2 million after a seven-month nap. Somebody set an alarm!
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2026-02-17 15:03