PUMP Token Tanks 75% on Launch: Whales Short Big, $500M Presale Unlock Fears – Can It Recover?

2025-07-15 13:10:08

Main Idea

The PUMP token experienced a 75% drop on launch due to whale shorting and fears over a $500M presale lock, while competitor LetsBonk gained market share.

Key Points

1. PUMP token plummeted 75% within 24 hours of launch, dropping from $0.0072 to $0.005 amid heavy selling pressure.

2. Approximately 340 wallets controlling over 60% of presale allocations dumped their holdings, exacerbating the price crash.

3. A whale opened an $8.5M short position, and decentralized platforms saw shorting funding rates reach 1,100% annualized.

4. LetsBonk surpassed Pump.fun in market share, capturing 44.87% compared to Pump.fun’s 43.73%, with better token graduation rates.

5. Concerns arose over $500M in presale funds being permanently locked due to a non-updatable smart contract with no withdrawal function.

Description

PUMP token plummeted 75% within 24 hours of its highly anticipated launch, crashing from pre-market highs of $0.0072 to lows of $0.005 amid aggressive whale shorting and fears over a massive $500 million presale unlock. The token’s catastrophic debut has intensified concerns about the sustainability of Pump.fun’s dominance in the meme coin launchpad space. Source: CoinMarketCap PumpFun’s Downfall: From Grace to Grass Earlier, the platform raised $600 million in just 12 minutes during its initial...

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