#AltcoinSeasonLoading #MemecoinSentiment 60% of PUMP presale participants sold or transferred to CEXs
BitMEX said the PUMP token defied the odds, with its funding rates trending positively despite a large initial float.
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60% of PUMP presale participants sold or transferred to CEXs
BitMEX said the PUMP token defied the odds, with its funding rates trending positively despite a large initial float.
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60% of PUMP presale participants sold or transferred to CEXs
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Almost 60% of presale participants in Pump.fun’s initial coin offering (ICO) have already sold or transferred their tokens to centralized exchanges (CEXs) or other wallets, according to data shared by BitMEX.
Citing onchain data, the crypto exchange said that of the 10,145 ICO participants in the PUMP presale, 6,042 wallets (59.6%) had already sold or transferred their tokens to CEXs.
Meanwhile, 3,791 wallets (37.4%) continued to hold their tokens, while a small group of 312 wallets (3%) had increased their holdings a week after the token launch.
PUMP token has dropped nearly 20% from its peak
After the presale, the PUMP token rallied, reaching an all-time high of $0.006812 on Wednesday, according to CoinGecko. The token dropped to $0.005468 the next day, a 19.1% decline in value.
