- PUMP trades below $0.004 as whale sell offs rise; only 12.7% of presale buyers still hold, with 31.6% already selling.
- Top two presale funds booked $40M in profits, while other whales like Machi Big Brother face multi million dollar losses.
- Falling wedge pattern forms with breakout zone at $0.00385; a push higher could target $0.00554, up 44.1% from current price.
A sharp drop in the value of $PUMP has pushed the token below its private sale level of $0.004, raising concerns across the crypto community. According to Spot On Chain data, whale activity has intensified as key investors move tokens, book profits, or incur losses.
Out of 10,145 presale participants, 12.7% continue to hold their tokens, while 31.6% have sold them on decentralized exchanges. Only 2.7% chose to accumulate more tokens during the decline. Additionally, 53% of participants transferred their tokens to new wallets, some likely heading to centralized exchanges for liquidation.
Top Presale Funds Exit with Gains While Other Whales Face Declines
Among the largest sellers, two top presale funds booked notable gains. One of them, “PUMP Top Fund 1,” acquired 25 billion $PUMP for $100 million and has already deposited 17.1 billion tokens worth $89.5 million to centralized exchanges via FalconX. This address still holds 7.99 billion tokens, now valued at $29.5 million, netting a profit of $19 million, or 19%.
The second major fund, “PUMP Top Fund 2,” spent $50 million on 12.5 billion $PUMP and deposited all holdings to exchanges for $71.4 million. This move brought in an estimated $21.4 million profit, marking a 43% return. While these two funds exited with gains, other whales are currently experiencing unrealized losses.
Big Buyers Now in the Red as Price Slips Below Key Levels
Whale addresses “8UHpWB” and “9Ucygi” each spent $80 million during the presale for 20 billion tokens. However, both are now down by $6.19 million, reflecting a 7.7% loss. Another whale, “2WHL4X,” bought 10 billion tokens for $40 million and has lost approximately $3.1 million at current prices.
Meanwhile, Machi Big Brother, a known crypto trader, is facing a $4.06 million floating loss. His leveraged position stands at 3.55 billion tokens with a 5x long exposure. Despite the decline, on-chain activity from fee collection wallets reveals that 3.34 billion tokens were recently bought using $SOL at an average price of $0.00594. However, the pace of accumulation has slowed significantly in recent days.
Accumulation and Breakout Pattern
Technical analysis on the one hour timeframe shows PUMP formed a falling wedge, typically associated with bullish reversals.
The price bottomed near $0.00316 before entering a sideways range between $0.00327 and $0.00378, forming what analysts identify as an accumulation zone. Brief dips below this range suggest efforts to trigger stop losses before returning to consolidation.
As of July 23, price remains within a narrow distribution band between $0.00355 and $0.00385. This tight structure aligns with previous breakout patterns and indicates potential movement ahead.
A clean breakout above $0.00385 could open the way toward $0.00554, representing a 44.1% move from the current level of $0.00378. Overall, while top presale funds locked in strong profits, many large holders are now under water.
At the same time, technical indicators point to a critical price zone with signs of buildup. Ongoing exchange flows, whale activity, and price structure will determine whether PUMP can reverse course or extend its decline.
