Meme coin markets are under pressure again, with major players reevaluating their exposure amid broader crypto weakness.
While PUMP has managed to stay green—posting an 8% gain over the past 24 hours—there are signs that not all large holders are convinced of its staying power.
On-chain data reveals that one significant investor may be preparing to exit their PUMP position at a sizable loss. After acquiring 1.25 million tokens for around $5 million during the public sale, the whale has now moved the full amount to Kraken—typically a signal of an impending sell-off. If the sale goes through, it could result in a near $1 million loss.
In contrast, another high-roller seems to be doubling down. This investor scooped up over 1 billion PUMP tokens on Tuesday, spending roughly $3.3 million and opening a 3x leveraged long position—an aggressive bet that more upside is ahead.
The conflicting moves from these deep-pocketed traders highlight uncertainty in the meme coin sector. Despite PUMP’s recent rally, the broader meme coin market cap has dropped nearly 7% in 24 hours, and fears of fading liquidity are growing.
As some whales cut their losses and others chase gains, the divide suggests that PUMP may be approaching a critical moment. Without fresh demand or sustained momentum, exit opportunities could become increasingly scarce.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/pump-token-faces-whale-exodus-despite-price-surge/