Pump.fun Team-Linked Address Sells Over 50 Million PUMP Tokens, Sparks Market Buzz

On February 17, OnchainLens data revealed that wallet address '77DsB' sold 543.23 million PUMP tokens in a chain transaction six hours ago, exchanging them for 1.207 million USDC. Previously, the address received a total of 3.75 billion PUMP tokens from Pump.fun’s custodial wallet seven months ago, worth about $25.39 million.

Currently, the wallet still holds 3.2 billion PUMP tokens, valued at approximately $7.07 million. This sell-off has sparked discussions and market interest in the future trajectory of the PUMP token.