BTCC
/
BTCC Square
/
Global Cryptocurrency
/
PUMP Token Plummets 55% After FalconX Exchange Whale Dump
PUMP Token Plummets 55% After FalconX Exchange Whale Dump
20
2
FalconX exchange News -
Pump.fun's native token PUMP has crashed 55% from its listing price of $0.5625, currently trading at $0.00256. Despite an initial 20% surge on launch day, the token faced sustained selling pressure.
After raising $600 million in a record 12-minute presale, PUMP fell below its $0.004 private sale price. Blockchain analytics show whales moved $89.5 million worth of tokens to exchanges through FalconX, sparking retail investor panic.
The combination of unclear project roadmaps and institutional sell-offs accelerated the decline. This dramatic reversal has market participants reevaluating the viability of meme coin launches in the current environment.
By:
Previous
HSBC Reports 26% Drop in Pre-Tax Profits Amid China Bad Debts and Economic Uncertainty
Next
SEC Approves In-Kind Creations and Redemptions for Crypto ETPs, Boosting Market Integrity
