Whales Dive Deep for PUMP Token Amid Market Turmoil

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On a gloomy July 15, as the crypto market was enveloped in a cloud of sell pressure, the newly minted PUMP token found itself in a 16% dip. Yet, in the world of digital currencies, even the darkest clouds have a silver lining, and the whales, ever the opportunists, were not about to let this “buy the dip” moment slip away. 🐳💰

According to the keen eyes of Onchain Lens, three large wallets decided to take a plunge, collectively spending over $7 million to scoop up PUMP at a bargain. Whale Bq2RW, with a flair for the dramatic, purchased 542.96 million PUMP for a cool $2.96 million. Not to be outdone, whale 9w7r5 spent $2.1 million on 362.59 million PUMP, and whale G5nxE added 355.51 million PUMP to its collection for $2 million. It’s a veritable feast for the whales, while the rest of us watch from the sidelines, wondering if we should join the frenzy or wait for the next big splash. 🌊

Whales are accumulating $PUMP.

Whale 1: Spent $2.96M to buy 542.96M $PUMP
Whale 2: Spent $2.1M to buy 362.59M $PUMP
Whale 3: Spent $2M to buy 355.51M $PUMP (@FlippingProfits)

Addresses:

1) Bq2RWav5LtfnAs8refzrYjfroDGK9vjYULmTqJX7yXfJ2)…

— Onchain Lens (@OnchainLens) July 15, 2025

Meanwhile, Nansen data suggests that the top 100 wallets have been busy bees, accumulating a staggering 918 billion PUMP tokens over the past seven days. During its weekend ICO, 202 wallets managed to purchase over $1 million worth of tokens, a testament to the token’s allure and the market’s insatiable appetite for the next big thing. 🍯

Top 100 wallets just scooped up 918B PUMP tokens in the past 7 days.

Whales and exchanges aren’t sitting this one out either.

The accumulation isn’t slowing down. If you’re still on the sidelines… you might already be late.

— Nansen 🧭 (@nansen_ai) July 15, 2025

This high-scale whale activity hints at a strategic positioning, a chess game of sorts, before a potential price recovery. Analysts on X are whispering of a surge in the new crypto token’s price, as it prepares to trade on Coinbase, starting today at 9 AM ET. It’s a game of anticipation, and the market is holding its breath. 🕰️

Strong PUMP Token Launch

PUMP made a grand entrance into the market, raising $500 million during its recent ICO, which sold out in a mere 12 minutes across major centralized exchanges. The token launched for trading on July 14 with a fully diluted valuation of $5.6 billion, opening at $0.0056. The value of PUMP nearly tripled to a market cap of $2.5 billion within hours, a meteoric rise that left many in awe. However, the token faced a quick selloff as short-term investors cashed in their chips, and at the time of writing, PUMP is trading at around $0.0058, with a market capitalization of $2.08 billion. 🚀

Criticism Persists

Despite the solid launch and the high whale activity, PUMP has not been immune to criticism. Pump.fun, the platform behind the token, initially hinted at an airdrop, but the trading announcement conspicuously omitted any mention of it, leaving many investors feeling shortchanged. Critics have labeled the sale a cash grab, favoring VCs over retail buyers. They argue that the token lacks clear utility, governance, or fee-sharing, serving more as a narrative-driven asset for insider exits. 🤷‍♂️

BitMart Research has noted a drop in liquidity and user sentiment, with rising competition threatening PUMP’s dominance. The meme coin creating platform is also facing a class-action lawsuit alleging unregistered securities sales, adding another layer of complexity to the already tumultuous journey of PUMP. 📜

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2025-07-15 12:16