- PUMP has fallen below its $0.004 presale level, with only 12.7% of early buyers still holding original allocations.
- Top Fund 2 gained by 43% after selling all holdings, while others face losses as over 53% of tokens moved to new wallets.
- RSI at 43.79 and MACD crossover signal weak recovery, but high sell volume keeps downside risk firmly in play.
The price of PUMP has dropped below its private sale level of $0.004, raising concerns among large token holders and presale participants. At press time, the digital asset was trading at $0.003705, continuing a downward slide that began on July 16.
The token has posted a series of lower highs and lower lows since topping $0.0065 earlier in the month. Despite temporary support emerging between $0.00360 and $0.00390, the overall trend is bearish.
Trading volume has remained relatively high, particularly during sell offs, suggesting strong exit pressure. Nearly half of the presale buyers have moved tokens out of original wallets, including transfers to centralized exchanges.
Presale Wallet Data Shows Widespread Distribution
Among 10,145 successful presale participants, only 12.7% continue to hold their allocations. A total of 31.6% have already sold through decentralized exchanges, while 2.7% opted to accumulate more tokens.
However, 53% have moved their holdings to new wallets, likely to prepare for exchange deposits or offloading. This data shows that most early buyers are no longer holding their original allocations, adding pressure on the token’s market value.
Major Funds Show Mixed Results Amid Price Drop
Two of the largest presale buyers, “Top Fund 1” and “Top Fund 2,” had contrasting outcomes. The first invested $100 million for 25 billion PUMP and has deposited 17.1 billion tokens, worth $89.5 million, to centralized exchanges via FalconX.
It now holds 7.99 billion tokens valued at $29.5 million. Despite the drop, it is up by $19 million or 19%. Meanwhile, “Top Fund 2” spent $50 million for 12.5 billion PUMP and has moved all tokens, worth $71.4 million, to exchanges, gaining $21.4 million or 43%.
Other whales such as “8UHpWB” and “9Ucygi,” who each bought 20 billion tokens for $80 million, now face unrealized losses of $6.19 million. Another whale, “2WHL4X,” spent $40 million and is currently down by $3.1 million.
Technical Indicators Show Weak Recovery Phase
Volume is up to 436.6 million, particularly during large red candles, indicating strong selling activity. However, recent volume bars show decreasing momentum. The RSI is at 43.79, slightly below neutral, while the MACD recently had a bullish crossover in negative levels.
This crossover hints at weakening bearish pressure, though no strong reversal has emerged. Elsewhere, Machi Big Brother faces a $4.06 million floating loss from a 5x leveraged position involving 3.55 billion PUMP tokens.
In addition, fee accounts linked to Pumpfun bought back 3.34 billion tokens over the past week for $19.81 million in SOL. However, purchases have slowed, and these accounts still hold $253.8 million in SOL.
Overall, the price remains below presale levels, large players are seeing mixed results, and on-chain metrics suggest fading momentum with downside risks still intact.
