Whales Dumps $6M in Fartcoin for PUMP Tokens

Whales have sold millions of dollars worth of Fartcoin to invest in PUMP instead. This shift shows a change in sentiment among these large investors and raises concerns about short-term price changes for both tokens.

Whale Moves Millions Out of Fartcoin Into PUMP

On-chain data shows two prominent Fartcoin whales liquidated a combined 4.75 million Fartcoin, valued at roughly $6.07 million, to acquire over 1.04 billion PUMP tokens within the last 24 hours.

The first whale offloaded 2.75 million Fartcoin (worth $3.52 million) in exchange for 598.57 million PUMP. Despite the sell-off, this whale still retains around 800,000 Fartcoin tokens, currently valued at $1.02 million.

Another large whale shifted 2 million Fartcoin (about $2.55 million) to buy 440.77 million PUMP, reflecting aggressive accumulation after PUMP’s full market debut.

The whale migration comes right after Pump.fun reported runaway success with its PUMP token public sale. According to data, investors snapped up all available tokens, roughly 12.5% of the total supply, in under 12 minutes, raising an eye-popping $500 million.

The team confirmed buyers would receive their tokens within 48–72 hours, initially non-transferable to prevent immediate dumping. Yet momentum carried forward, and within two days, PUMP appeared on major centralized exchanges, including Kraken, Bybit, KuCoin, and MEXC, opening the floodgates to broader trading.

PUMP and Fartcoin Price Declines As Volatility Surges

Despite a strong start, the PUMP price quickly cooled on open markets. According to CoinMarketCap data, after reaching an early high of $0.007514, the token declined by approximately 14% over 24 hours, settling at around $0.00575. Upon launch, the token saw a 30% drop, indicating a sell-off in the market. With Bitcoin retreating from recent peaks, this volatility mirrored the wider crypto decline.

Meanwhile, Fartcoin price fell 8.7% and its daily trading volume fell 8%, indicating that whale exits may have reduced short-term demand.

Liquidity Shifts and Whale Narrative

In the past 24hours, the PUMP token has recorded an astounding 25,000% surge in trading volume. This signals increased trading activity on the token. Crypto enthusiast CRG highlighted that PUMP had effectively sucked liquidity out of alts, as it remains the only token, coupled with BONK, to stay in the green zone in terms of liquidity.

As the token’s price cooled, speculation grew that whales might be preparing to “buy the dip” rather than exit completely, keeping pressure on Fartcoin holders and tempting latecomers back into the new token.

While short-term traders chase volatility, the scale of whale reallocations, with millions of dollars from Fartcoin being invested in PUMP, signals where major holders see potential upside, at least for now.