Whales Move $89.5M in PUMP Tokens to FalconX Exchange Amid 40% Price Plunge

PUMP, the native token of memecoin launch platform Pump.fun, has experienced a 40% price decline, prompting significant sell-offs by early investors. Blockchain analytics firm SpotOnChain reveals that 31.6% of presale participants have already sold their tokens on decentralized exchanges, while 53% have transferred holdings to new wallets—typically a sign of impending further sales.

Whale activity is driving the trend. The largest presale buyer, who initially invested $100 million, has deposited $89.5 million worth of PUMP into centralized exchanges via FalconX, maintaining $29.5 million in unrealized profits. Another major investor secured a 43% gain by liquidating their entire 12.5 billion token position. Meanwhile, 13% of holders remain steadfast, defying the downward trend.

The token's volatility highlights the high-risk nature of memecoin platforms, where early adopters often exploit short-lived momentum. With increasing exchange inflows and only a minority of investors holding, PUMP's near-term outlook appears bearish despite its dedicated community.