Data released by blockchain monitoring platform Onchain Lens on February 19 showed that an address linked to Pump.fun sold over 2.07 billion PUMP tokens, valued at $4.55 million. The address still holds approximately 1.676 billion PUMP, worth around $3.38 million.
This dump has sparked market concerns over the future price movement of PUMP tokens and serves as a reminder for investors to remain cautious when engaging in similar projects.