The PUMP token fell from $0.00238 to $0.0021 during a market correction. However, Pump.fun’s team increased its activity in the market supply sector, threatening the market stability.
Pump.fun delivers 543 Million PUMP
Onchain Lens The Token Custodian wallet reportedly sent the Team’s wallet 3.75 Billion PUMP worth $25.39 Million.
The wallet, after holding the tokens for 7 months, sold 543.23 million PUMPs for $1.2 Million. The team suffers a loss of $2.48million with the sale.
The wallet contains 3.2 billion PUMP, worth $7.07million. These tokens are now worth less than $17million, as PUMP is trading at a significant discount to its peak price of $0.009 in 2025.
Selling during weak periods could worsen a market that is already in trouble, leading to possible price decreases.
The team has seen a significant increase in sales, as well as the wallet of investors and holders.. Coinalyze’s data shows that PUMP had a sell volume of 641.5 millions at the time of press, while its buy volume was 629.
The market has a Buy-Sell delta of -12 millions PUMP. This is a sign that the Spot selling pressure was aggressive.
Coinalyze
The altcoin sold more than 8,6 billion PUMPs in the last 48-hours, which indicates a strong selling pressure.
In general, an increase in sell-side activity during corrections accelerates the downside, which is often a sign of lower prices.
Does PUMP affect the PUMP system?
Increased selling has undoubtedly affected PUMP’s price, leading to a further drop. The token was trading at $0.0021 as I write this, down by 0.19% from the previous day’s charts.
Markets closed lower for the second day in a row, showing that upward moves were recently followed by pullbacks.
PUMP dropped below the EMAlong despite a dominant upward trend. This reflects a weakening of buyer’s confidence, and heightened seller confidence.
TradingView
The Relative Strength Index of the altcoin also crossed below its level 50, indicating a negative crossover. The RSI decreased from 51 down to 47. This supports the bearish argument.
These directional indicators were converging and suggested that the downtrend was stronger, with a greater likelihood for trend continuation.
If sellers dominate the market then PUMP’s price chart could continue to decline. In a case like this, SAR will serve as an important support level at $0.0017.
The altcoin can reach $0.0026 if the buyers are able to absorb pressure. PUMP can only grow if it regains this level.
Final summary
- Pump.fun dropped to $0.0021 from $0.0023 after failing to sustain $0.0023 during the a Wider The market has corrected itself.
- A wallet sold 543.23 million PUMP for $1.2 million after holding for seven months.
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Source: ambcrypto.com
