Defiant PUMP Hodlers Double Down Despite 40% Bloodbath – Betting Big on a Lazarus Rally

PUMP's brutal 40% nosedive isn't scaring off true believers—these degens are loading up like it's a Black Friday fire sale.

High-Stakes Gambit: Early adopters see the crash as a golden entry point, wagering that history will repeat with another parabolic pump. Never mind that most 'buy-the-dip' strategies end up buying the knife.

Market Psychology at Play: The 40% haircut triggers textbook loss aversion, but crypto's casino mentality turns panic into FOMO. Traders love nothing more than a good 'from-zero-to-hero' redemption arc—even if the fundamentals scream caution.

Warning Lights Flash: While the rebound bet looks tempting, remember this is the same crowd that thought 'stablecoin' meant price stability. Proceed with extreme caution—your exit liquidity might be someone else's entry.

Some PUMP whales are still holding despite losses

While most large holders appear to be taking profits, a smaller segment is holding firm.

SpotOnChain noted that around 13% of presale buyers still retain their holdings, and only 2.7% have increased their positions.

The blockchain analytical firm cited two wallets, identified as “8UHpWB” and “9Ucygi,” which each invested $80 million for 20 billion tokens and are now down approximately 7.7%, equating to a $6.19 million unrealized loss per wallet.

Another whale, labeled “2WHL4X,” bought 10 billion tokens for $40 million and has also suffered a 7.7% decline, with losses totaling $3.1 million.

Moreover, the well-known crypto trader Machi Big Brother is also underwater, facing a potential $4.06 million loss on a 5x Leveraged long position worth 3.55 billion tokens.

PUMP falls by over 40%

The sharp sell-off has driven PUMP’s price down by more than 40% in its first trading week, falling from $0.006 to $0.003, according to CoinMarketCap.

Pump.fun’s fee accounts have repurchased 3.34 billion tokens for $19.81 million in response to the downturn. Buybacks typically aim to reduce supply and support prices, but the effort has yet to reverse the slide.

Still, there’s a glimmer of optimism. Coinalyze reports that 75% of traders are now taking bullish positions, betting on a price rebound despite the ongoing turbulence.