Long

Shift

PUMP

USDC

<ul class="wp-block-list"><li>Pumpfun wallets sold billions of PUMP, converting to USDC in consistent, large swaps over the past 23 hours.</li><li>Binance traders stay cautious, while top traders and OKX users show bullish bets on PUMP price gains.</li><li>Long positions dominate liquidations, highlighting growing risk and volatility for PUMP holders across exchanges.</li></ul>A flurry of activity has hit the PUMP token market as wallets linked to Pumpfun execute massive liquidations. According to OnchainLens, the “77DsB” wallet sold its entire 3.75 billion PUMP holdings for $8.02 million in USDC. The average sale price stood at $0.0021, signaling a methodical exit strategy rather than sporadic trades.&nbsp;Meanwhile, a <a href="https://solscan.io/account/77DsB9kw8u8eKesicT44hGirsj5A2SicGdFPQZZEzPXe#activities" rel="noopener noreferrer nofollow">related wallet</a>, “GpCfm,” transferred 1.21 billion PUMP tokens, worth roughly $2.57 million, to Bitget while still holding 3.54 billion PUMP (≈$7.4 million). The transactions, traced via Solscan over the past 23 hours, reveal multiple large swaps ranging from 6.18 million to 14.12 million <a href="https://cryptofrontnews.com/pump-funs-latest-fund-initiative-faces-bearis/" rel="noopener noreferrer nofollow">PUMP tokens each</a>.&nbsp;Consequently, each swap converted to USDC values between $12,978 and $29,657, highlighting a coordinated conversion strategy. Notably, several swaps cluster around the 14 million token mark, yielding just under $30,000 in USDC.&nbsp;Earlier trades of 13 million PUMP tokens produced slightly lower USDC amounts of around $27,500. This consistent pattern points to a calculated approach to liquidity movement rather than random market activity.<h2 class="wp-block-heading" id="exchange-sentiment-highlights-divergence">Exchange Sentiment Highlights Divergence</h2><a href="https://cryptofrontnews.com/arkham-flags-onset-of-crypto-bear-market-conditions/" rel="noopener noreferrer nofollow">Market sentiment</a> seems to be divided across the exchanges. <a href="https://solscan.io/account/77DsB9kw8u8eKesicT44hGirsj5A2SicGdFPQZZEzPXe#activities" rel="noopener noreferrer nofollow">According</a> to Coinglass, Binance market participants are being cautious, with a long/short ratio of 0.4995, implying that there are slightly more short positions than long positions. However, the top traders on Binance have a long/short ratio of 2.1824, implying a stronger bullish sentiment despite the caution at the account level.OKX market participants, on the other hand, are optimistic, with a long/short ratio of 1.63, implying greater confidence in PUMP’s price appreciation. Additionally, the liquidation ratio further reinforces the dominance of long positions.Only $2.05 of long positions were liquidated in the past hour, with no short positions affected. Over the past 12 hours, $64.26K in long positions faced liquidation, compared with $2.84K in shorts. In the past 24 hours, long positions saw $88.85K liquidated, versus $9.76K for shorts.The post <a href="https://cryptofrontnews.com/pump-token-faces-massive-wallet-liquidation-shift/" rel="noopener noreferrer nofollow">PUMP Token Faces Massive Wallet Liquidation Shift</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

PUMP Token Faces Massive Wallet Liquidation Shift

Table of Contents

CFN

Other articles published on Feb 22, 2026

Turkish User’s Assets on Cryptocurrency Exchange Seized: Here’s the Legal Background

SCOTUS Strikes Down Trump Tariffs as Alternative Plans Brew

Bitcoin steadies as price calls fade, Santiment says

4 Next Altcoins to Explode in the Next Bull Run: BlockDAG, Shiba Inu, MemeCore, and Pepe Bring Un...

ETH Struggles Below $2K as NUPL Signals Losses

Bullish Momentum Builds as LTC Approaches Key Breakout Level with $70 in Focus

Join our free newsletter for daily crypto updates!