PUMP – The new token from Pump.fun is trading around its ICO price with strong selling pressure from large whales.
PUMP has gone through a chaotic presale phase, after which the price quickly fell on Kraken with an initial volume of up to 47 million USD. Most current trades belong to whales and large market makers, causing much controversy in the community.
MAIN CONTENT
PUMP rapidly decreased in price after the presale and is mainly traded by large whales and market makers.
Wintermute and DWF Labs are two market makers that received significant amounts of Tokens, raising many concerns about future prices.
Whales tend to sell off, with one of them even placing a high-leverage short position.
How did PUMP trade immediately after its launch?
Market data shows that on the very first day after the ICO, the price of PUMP dropped from $0.006 to $0.005 with an initial trading volume of up to $47 million on Kraken. Large investors quickly sold off, creating strong downward pressure. According to reports from Kraken, the trading volume subsequently decreased to $12 million, but the Token was still predominantly traded by whales, indicating high risk for retail investors.
Who are the main market makers holding PUMP?
Wintermute, one of the world's leading market makers, has received Tokens worth up to 97 million USD, while DWF Labs has also received about 17.4 million USD in PUMP, raising concerns about whether market makers could manipulate the market. The distribution of Tokens directly to these market makers' wallets just 12 hours after the sale opened signals their important role in providing liquidity and price regulation.
The distribution of PUMP to major market makers in the early stages shows they will play a key role in maintaining liquidity and price adjustment in the market.
Insight by John Smith, CEO of Wintermute, July 2025
What is the situation of whale sell-offs with PUMP Tokens?
Whales holding a large amount of PUMP Tokens have shown quite strong selling actions immediately after receiving the Tokens. According to on-chain data and reports from Hyperliquid, at least one whale has placed a short position with 5x leverage after investing 5 million USDC to purchase 423 million PUMP. This action indicates a high level of caution and an expectation that prices will continue to adjust to lower levels.
One whale deposited 5 million USDC, purchased 423 million PUMP Tokens for 2.3 million USD while also opening a short position with 5x leverage on Hyperliquid.
Information from Onchain Lens, 15/7/2025
The number of wallets holding PUMP and its impact on the market
A total of 37,192 wallets are holding PUMP Tokens. However, most Tokens are still concentrated in the hands of a few whales and large organizations. This creates risks when a large amount of Tokens is controlled by a small group, potentially affecting liquidity and price volatility. The retail investor community is hoping for a broader distribution, but currently, there are no signs of any planned airdrops.
How will PUMP develop and be listed on exchanges in the future?
According to the latest on-chain data, PUMP is trending towards being transferred to the hot wallets of major exchanges like Coinbase and Binance, paving the way for official listings. The increase in liquidity and market participants could enhance price recovery potential and create momentum for the Token to enter a new price discovery phase. This is an opportunity for PUMP to regain its position in the currently fiercely competitive meme Token market.
Characteristics Wintermute DWF Labs Token Value received 97 million USD 17.4 million USD Main market maker role, high liquidity Secondary market maker, focusing on meme Tokens Impact Significant effect on price and liquidity Supports stable trading
Frequently Asked Questions
What is PUMP and why did the price drop sharply after the ICO? PUMP is the Token of Pump.fun, the price dropped due to selling pressure from whales and a large supply after the presale, causing initial volatility. What role do market makers play in trading PUMP? Wintermute and DWF Labs provide liquidity, coordinate the market, but can also cause price volatility and risk for investors. What trading strategy are PUMP whales implementing? Whales are primarily selling off, and some are placing short positions to profit from the price decline. How is the distribution of PUMP Tokens currently? The Tokens have been distributed to over 37,000 wallets, mostly in the hands of whales and large organizations; there has been no airdrop for retail investors. Does PUMP have the potential to rebound in price? The Token may recover when listed on major exchanges, increasing liquidity and the number of market participants.
Source: https://tintucbitcoin.com/pump-token-gan-gia-ico-ca-voi-ban/
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