Pump.fun-Linked Wallets Sell Off Nearly 5 Billion Tokens, Shaking Market

Sell-Off Event Analysis

According to recent monitoring data from OnchainLens, a wallet address '77DsB' linked to the Pump.fun project has sold its entire holdings of 3.75 billion PUMP tokens for $8.02 million in USDC, with an average price of $0.0021 per token.

Additionally, another associated wallet 'GpCfm' has transferred 121 million PUMP tokens to Bitget exchange, worth approximately $2.57 million. The wallet still holds around 3.54 billion PUMP tokens, valued at about $7.4 million.

• Wallet address: GpCfmwsCgbPtymZTXa3Dixb4MeyxkUHfNHBq3vBAA6SA

This large-scale sell-off has triggered widespread attention toward the Pump.fun ecosystem and significantly impacted investor sentiment.