PUMP Whales Dump $160M on FalconX Exchange Amid Price Slump

Early investors in Pump.fun (PUMP) are unloading billions of tokens, triggering concerns of an extended sell-off. According to blockchain analytics firm Lookonchain, two major wallets—"PUMP Top Fund 1" and "PUMP Top Fund 2"—have moved over $160 million worth of PUMP to centralized exchanges like FalconX.

The token's price has fallen below its private sale price of $0.004. "PUMP Top Fund 1," which initially bought 25 billion tokens for $100 million, has deposited 17 billion tokens ($89.5 million) onto exchanges and still holds 8 billion ($29.58 million). Meanwhile, "PUMP Top Fund 2" has fully exited its position, selling all 12.5 billion tokens ($71 million).

This mass offloading highlights growing pressure on the memecoin as whales cash out. Traders are preparing for heightened volatility ahead.