๐๐ฎ๐ป $๐ฃ๐จ๐ ๐ฃ ๐ง๐ผ๐ธ๐ฒ๐ป ๐ฅ๐ฒ๐ฐ๐ผ๐๐ฒ๐ฟ? ๐๐๐ข ๐๐ผ๐น๐ฑ๐ฒ๐ฟ๐ ๐ฆ๐ฒ๐น๐น ๐๐ฎ๐๐ ๐ฎ๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฆ๐น๐ถ๐ฑ๐ฒ๐ ๐ฑ๐ฑ% ๐ณ๐ฟ๐ผ๐บ ๐๐ง๐
๐น Current price: $0.005498, down ~55% from all-time high ($0.01214)
โ What happened?
โข Pump.funโs $PUMP ICO raised ~$500M in 12 minutes, setting a ~$4B fully diluted valuation.
โข BitMEX data shows ~60% of presale wallets already sold or transferred tokens within a week.
โข Only ~37% are still holding, and a small 3% increased positions.
This quick selling pressure isnโt unusual, but it shows many traders took fast profits.
๐ Price action:
โข Listed on major exchanges
โข Spiked to $0.006812, then dropped to ~$0.0053 next day.
๐ On-chain & market concerns:
โข Pump.fun trading volume fell sharply: $11.6B in January โ $3.65B in June.
โข Lower volume = less platform revenue, which could weigh on $PUMP valuation.
โข Competitor LetsBonk is growing faster, beating Pump.funโs weekly revenue by 2x.
๐ Valuation explained simply:
โข $PUMP tokenโs P/E ratio โ 9.6x โ cheaper than Raydium (65x), but more expensive than LetsBonk (5.4x).
โข High unlock rate means many tokens become tradable quickly โ adds sell pressure.
โ ๏ธ Unanswered questions:
โข Pump.fun said 33% of tokens go to ICO: 18% private, 15% public โ but on-chain data shows only ~12.5% distributed.
โข The missing 2.5% isnโt explained, which worries some investors.
๐ What traders should watch next:
โ If price holds above ~$0.005 โ chance to stabilize short-term.
โ Reclaiming $0.0068โ$0.007 would show new buying strength.
โ ๏ธ A drop below $0.005 could extend downside, especially if volume stays weak.
โจ Summary in simple words:
The $PUMP token had a record-breaking ICO, but most early buyers sold quickly, pushing the price down. For a recovery, traders need to see rising volume, clear demand, and answers about token allocation.
