🚨 $PUMP loses steam
Down 8% in 24h, 18% in 7d, and 31% in a month, and the cracks are showing:
- $9.2M transfer to OKX (2.5B PUMP) rattled markets, sparking panic selling.
- Revenue slump: July revenue dropped 80% from its peak, raising concerns about the sustainability of the business.
- Whale control: Top 10 wallets own ~75% of supply, heightening dump risks.
- Memecoin fatigue: Solana’s memecoin frenzy has cooled since early 2025, weighing on demand.
📊 Volume spiked 102% as sellers rushed for the exit, but without fresh hype, buyback support may not be enough.