Pump.fun Sends 13.75 Billion PUMP Tokens to Wintermute, Price Craters 22%
2025-07-15 03:23:52
Main Idea
Pump.fun transferred 13.75 billion PUMP tokens to Wintermute, causing a 22.65% price drop, but the platform's fundamentals remain strong with high revenue and trading volume.
Key Points
1. Pump.fun transferred 13.75 billion PUMP tokens (worth ~$55 million) to Wintermute, leading to a 22.65% price crash.
2. The token's price dropped to $0.005857, with trading volume surging 2200% to $147.2 million in 24 hours.
3. Pump.fun's annualized revenue is $324.12 million, with $2.492 billion in DEX trading volume over the past 30 days.
4. The platform has raised over $1 billion and recovered quickly from a May 2024 infrastructure hack.
5. Price volatility remains high, with key levels at $0.0055 (support) and $0.0075 (potential recovery).
Description
Pump.fun transferred 13.75 billion PUMP tokens, worth about $55 million, to the market maker Wintermute The market reacted negatively to the news, sending the PUMP token’s price down by over 22% in 24 hours The move is likely to provide liquidity for major exchange listings, despite the short-term price drop Memecoin launchpad Pump.fun has transferred a massive 13.75 billion PUMP tokens, valued at around $55 million, to the prominent crypto market-making firm Wintermute. But instead of a rally, ...
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