Pump.fun unlocked 4.94 billion PUMP tokens worth about $13.6 million for the team and early investors, dispersing the tranche across 125 wallets as the Solana-based memecoin platform's token continued to rally. On HTX on Aug. 14, PUMP was up 19.65% over the past seven days and 66.57% over the past 30 days, lifting its market capitalization to $1.665 billion. The release makes previously non-tradable supply available for sale, a dynamic that can create short-term selling pressure if recipients move tokens to exchanges. At the same time, Pump.fun's buyback-and-burn policy and increased platform usage appear to have supported sentiment. PUMP has a maximum supply of 1 trillion tokens, with 20% allocated to the team and 13% to existing investors, and those holdings have been released in stages after a one-year lockup that ended following the token's launch in July last year.