
Blockchain data shows a major PUMP whale offloaded tokens at a loss, underscoring volatility despite ongoing large-scale buybacks by Pump.fun.
On February 22, Lookonchain reported that a PUMP whale sold 3.75 billion tokens at an average price of $0.00214, totaling around $8.02 million in sales over the past five days. The sell-off resulted in an estimated $6.98 million loss. This transaction occurred amid Pump.fun’s aggressive buyback program, which since July 15 has repurchased over $300 million worth of PUMP tokens, reducing circulating supply by more than 25%. Significant wallet activities, including sizeable exchanges and transfers, highlight active supply and liquidity management within the project.