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Home Cryptocurrency Bitcoin

rewrite this title with good SEO PUMP Crypto Whales Move $160 Million To Exchanges: More Blood On The Way? – 99Bitcoins

Alex Ioannou by Alex Ioannou
July 22, 2025
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rewrite this title with good SEO PUMP Crypto Whales Move 0 Million To Exchanges: More Blood On The Way? – 99Bitcoins
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Investors from the private sale of the Pump.fun (PUMP) memecoin has begun offloading billions of tokens onto exchanges, raising concerns about a potential sell-off as the token’s price falls below its initial sale value.

Blockchain analytics firm Lookonchain reported that two early backers of the memecoin, identified in Solscan as “PUMP Top Fund 1” and “PUMP Top Fund 2,” have collectively sent over $160 million in PUMP tokens to centralized exchanges.

The $PUMP price has dropped below its private/public sale price of $0.004.

“PUMP Top Fund 1” spent 100M $USDC to buy 25B $PUMP at $0.004 in the private sale. So far, he has deposited 17B $PUMP($89.5M) to exchanges via #FalconX and still hold 8B $PUMP($29.58M).

“PUMP Top Fund… pic.twitter.com/xibWUaCOxz

— Lookonchain (@lookonchain) July 22, 2025

PUMP Crypto Private Sale Whale Is Sending Millions Of Dollars Worth Of The Pump.fun Token To Exchanges – More Blood Incoming?

During the private sale, the Top Fund 1 wallet purchased 25 billion tokens for $100 million in USDC. Over the last week, this wallet has deposited 17 billion tokens, valued at nearly $90 million, to exchanges. Despite this offloading, the wallet still holds tokens worth approximately $29.5 million.

The second wallet acquired 12.5 billion tokens for $50 million during the private sale and has since offloaded its entire stash, valued at over $71 million, to exchanges.

Although the PUMP token showed bullish signs immediately after its launch, it has been impacted by a high unlock percentage. According to CoinGecko data, the token’s value dropped to an all-time low of $0.003642 today (July 22), representing a 46.5% decrease from its all-time high of $0.006812, and a 32% decline since its launch on July 15.

Its current price also shows a 7% decrease compared to its presale price of $0.004, meaning that presale investors who have yet to sell their tokens are facing unrealized losses.

As of right now, it is unknown whether the PUMP crypto whale plans to dump the $90 million worth of tokens they have moved to exchanges. Typically, this is what is expected once large-scale deposits of an asset begin to be made on exchanges.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Pump.fun Investors Had High Hopes After Record $500 Million ICO That Sold Out In 12 Minutes

The future of capital formation is happening on Solana.

$600M raised in 12 minutes.Zero bankers.All while Wall Street was closed.

Let’s break down what just happened with Pump’s raise. pic.twitter.com/I4e5ChRkmb

— Solana (@solana) July 15, 2025

On July 13, Pump.fun raised almost $500 million on Solana from its initial coin offering (ICO) of the PUMP token, selling out in just 12 minutes. However, it appears that participants are eager to offload their tokens after the presale.

Four days later, on July 17, BitMEX shared on-chain data indicating that nearly 60% of PUMP presale participants sold or transferred their tokens to exchanges or other wallets. At that time, 37.4% of the presale participants retained their tokens, while only 3% continued to increase their holdings.

BitMEX analysts noted that PUMP’s price appreciation post-launch is surprising given its high unlock percentage, emphasizing that large floats can create significant downward pressure in derivatives markets.

Meanwhile, the broader memecoin sector has begun to show signs of slowing down. CoinGecko data indicate that the overall market cap for memecoins peaked at $87 billion on July 21, representing a 58% increase from its value of $55 billion on June 30.

However, this was followed by a quick decline to a low of $81 billion on July 22. As of this writing, the market capitalization of the memecoin sector is currently $82 billion, according to CoinGecko.

(SOURCE)

With presale investors sitting underwater, and many having capitulated for a loss, there aren’t many positive posts for PUMP to be found across social media. The vast majority of $PUMP tags on X are bearish charts from traders and analysts, all calling for lower.

PUMP is currently trading for around $0.0037, with many believing the $0.003 will be the next level to be lost. There are calls for $0.001 to be the bottom for PUMP, with little communication from the Pump.fun team is on the roadmap for the token or the expected airdrop, but the price is seemingly in free fall.

One crypto trader, who goes by the name @BenjiGanar has laid out their idea on how PUMP will play out from here. The X post reads:

“I mentioned many times how bearish $PUMP’s tokenomics are rn (right now), pre-sale buyers are underwater, which will cause more selling pressure. When airdrops comes, another huge selling pressure. After everyone’s rekt, we may get a good buying opportunity, patience.”

Believe it or not, this is one of the less scathing pieces of commentary on PUMP crypto, with many calling it an outright scam and a pure liquid extraction from the Pump.fun team.

However, one thing to note is that historically, hate rallies have produced some of the most parabolic moves. Back in 2021, Filecoin (FIL) was being trashed online constantly, being called nothing but vaporware, before it pulled off a near 900% move.

More recently, Hyperliquid (HYPE) had a fair amount of negative sentiment surrounding it, with many celebrating its demise as it dropped to under $10 before quickly producing returns of over 400% from the lows, cementing itself as a major player in the L1/Decentralized Exchange sector.

Such moves should serve as a warning to those who believe PUMP crypto is going to zero. The team has a substantial amount of capital at its disposal to engineer a reversal on the chart. Buybacks, bullish roadmap announcements, and a timeline for the expected airdrop are all things that could turn the tide for PUMP.

EXPLORE: Best Meme Coin ICOs to Invest in July

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Alex Ioannou

Alex Ioannou

On-Chain Journalist

Chasing dreams under the Cypriot sun, Alex is an up-and-coming writer focusing on the more degen side of the crypto market. Always on the lookout for the next hot narrative, meme coin pump, or meta trend. Alex has been actively…
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