50/50 #Pumpfun is back to
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1. Whale Sell-Offs (Bearish Impact)
Overview: On August 9, a whale sold 1.11B PUMP ($3.79M) for a $362K profit, while another presale whale unloaded 130M tokens at a $898K unrealized loss (source).
What this means: Early investors are exiting aggressively, likely due to fading confidence or profit-taking after PUMP’s 50% decline from its July high ($0.0068 → $0.00312). This has increased circulating supply and diluted price support.
Key metric to watch: On-chain whale wallet activity – further large transfers to exchanges could extend declines.
2. Presale Holder Exodus (Bearish Impact)
Overview: Presale participants have sold nearly 60% of their tokens since July, with ~55% of circulating supply still held by underwater ICO buyers (source).
What this means: The $0.004 ICO price now acts as psychological resistance. With most presale buyers in losses, panic selling risks persist – especially if PUMP fails to reclaim $0.0034 support.
3. Buyback Mismatch (Mixed Impact)
Overview:
While buybacks signal commitment, the price disconnect highlights weak organic demand. The strategy risks trapping bulls if PUMP can’t break $0.0034 resistance.
PUMP’s dip reflects a toxic mix of whale exits, presale saturation, and ineffective buybacks. While RSI (31.73) hints at oversold conditions, the token needs to hold $0.0030 support to avoid a slide toward $0.0024.
Can the Glass Full Foundation’s liquidity injections for Solana memecoins reignite speculative demand for PUMP?
