Just a week after its explosive $500M ICO, Pump.fun ($PUMP ) is under fire — and it’s not from the community, but from its own early investors.
🔻 Two major wallets — “Top Fund 1” and “Top Fund 2” — dumped over $160M in PUMP tokens onto centralized exchanges, triggering a brutal price crash.
Top Fund 1: Bought $100M worth of PUMP. Already sold $90M worth, still holding $29M+
Top Fund 2: Fully exited — dumped all $71M in tokens
📉 Price Impact? The token crashed 46% from its post-launch high, falling below the ICO price, leaving even presale participants in losses if they didn’t exit early.
Why It Matters
High float + instant liquidity = early exit flood
On-chain data: 60% of presale wallets already sold or transferred
Whales took profits, retail got rekt
Despite the panic, Pump.fun made headlines by acquiring Solana-based Kolscan, hinting at bigger plans in gamified trading tools. But is it too late?
🧠 Investor Insight: Rapid unlocks = short-term hype, long-term pain. This could serve as a cautionary tale for upcoming memecoin launches with similar structures.
📊 Memecoin Market Update:
Meme market cap hit $87B on July 21
Dropped $6B to $81B just 24 hours later
As of now: ~$82B
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⚠️ Final Takeaway:
If you're aping into the next meme frenzy, keep an eye on unlock schedules, whale holdings, and early liquidity traps. Not every rocket goes to the moon 🚀 — some nosedive straight into red candles.
