🛑 Pump.fun team sells 543mln PUMP at loss | Here’s what it means for holders!
PUMP crypto token was rejected at $0.00238 amid a broader market correction and fell to $0.0021. Despite this market correction, the Pump.fun team intensified activity on the supply side, further threatening market stability.
Pump.fun offloads 543 million PUMP
Onchain Lens reported that the team’s wallet received 3.75 billion PUMP, valued at $25.39 million, from the Token Custodian wallet.
After holding these tokens for seven months, the wallet sold 543.23 million PUMP for $1.2 million. With the sale, the team takes a $2.48 million loss.
Even after this sale, the wallet still holds 3.2 billion PUMP worth $7.07 million. However, with PUMP trading significantly below its 2025 peak of $0.009, these tokens have lost more than $17 million in value.
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