PUMP tokens begin unlocking, with over $6 million moved in 60 minutes
After Pump.fun team and investor lockups began transitioning into three-year vesting, 57.279 billion PUMP was sent to 121 wallets on July 15, and one smaller recipient wallet has already started selling tokens for USDC via Wintermute.
PUMP token distributions expanded as Pump.fun team and investor holdings moved from a one-year lockup into a three-year vesting period, with 57.279 billion PUMP worth about $86.49 million sent to 121 wallets on July 15 after an 82.5 billion-token cliff unlock on July 12. One wallet received about 52.039 billion tokens valued at roughly $78.58 million, while a separate wallet identified as @travisbickle0x received 39 million PUMP worth about $63,000 from investor unlocks and began selling those tokens to Wintermute for USDC. Together, roughly 140 billion PUMP was unlocked in less than a week, increasing focus on whether recipients move tokens to market and add selling pressure.
- linear vesting: A token release schedule in which locked allocations become available gradually over a set period.
- lockup: A restriction period during which allocated tokens cannot be transferred or sold.
- Wintermute: Crypto market maker and trading firm.