PUMP Presale Exodus: Only 12.7% of Buyers Still HODL – Where Did the Rest Go?
The great PUMP dump is underway.
On-chain data reveals a brutal sell-off—just 12.7% of presale participants still hold their tokens. The rest? Cashed out or ghosted to cold storage, proving once again that 'early investor' often translates to 'first to exit.'
The 87.3% Club
Whale wallets are moving, CEX inflows are spiking, and Telegram groups are suspiciously quiet. Classic signs of a post-presale exodus—though at least the team didn't pull the rug (yet).
A Familiar Crypto Cycle
Presale buyers treat tokens like free trading chips—because in a market where fundamentals are optional, why wouldn't you flip for quick gains? Meanwhile, retail bags the leftovers. Some things never change.
Only 12% still hold the PUMP token
According to the data shared by Spotonchain, two wallets tagged as major presale investors, “PUMP Top Fund 1” and “PUMP Top Fund 2,” have now moved a combined $160 million worth of $PUMP to centralized exchanges. This massive unloading of tokens can be seen as a signal that even the earliest and most well-capitalized holders are losing faith in the token’s potential.
“PUMP Top Fund 1” bought 25 billion tokens for $100 million in USDC during the private sale and has already transferred 17 billion (approximately worth $90 million) to exchanges.
This was done primarily via the trading desk FalconX. The wallet still holds $29.5 million worth of tokens. Meanwhile, “PUMP Top Fund 2” appears to have fully exited its position. It moved all 12.5 billion tokens (then worth $71 million) to exchanges, netting a 43% return.
The broader presale cohort doesn’t seem much more optimistic. Out of 10,145 presale buyers, only 12.7% still hold their original tokens. Nearly a third have already sold via decentralized exchanges, while 53% have moved their tokens to new wallets. Many holders are believed to be linked to centralized exchange deposits. Less than 3% have shown enough conviction to increase their holdings.
PUMP hits ATL amid slow buybacks
High-profile holders haven’t been spared either. Major whale wallets “8UHpWB” and “9Ucygi” had spent $80 million for 20 billion PUMP tokens each in the presale. These whales are now down by $6.19 million; that’s a 7.7% loss. Another whale, “2WHL4X,” spent $40 million for 10 billion PUMP is now down by $3.1 million.
Known crypto trader Machi Big Brother is reportedly sitting on a $4 million unrealized loss. This comes from a 5x Leveraged long position on 3.55 billion PUMP tokens.
Meanwhile, Pump.Fun’s fee wallets have attempted to support the token. Over the past week, it went on to buy back roughly 3.34 billion PUMP (approximately worth $19.8 million) using Solana.
However, the pace of these buybacks has slowed, and with the platform still holding 1.25 million SOL (over $253 million), questions remain about whether they’ll step in further to stabilize the price.
The effects of the sell-off can be seen in market data. PUMP price dropped by 44% over the past 7 days and went on to hit an all-time low of $0.003621. Its 24-hour trading volume is down by 23% to stand at $558 million.
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