Key Takeaways:
- 59.6% of presale wallets have offloaded or moved PUMP tokens to CEXs within days of allocation.
- Token dipped to approximately 19% from all-time high ($0.006813) to $0.005222 as of today, exhibiting a sharp retracement.
- A strategic buyback of about $16 to 19 million in SOL initiated a nearly 20–30% rebound, though price remains volatile.
On their post on X, BitMEX released a data showing 6,042 wallets (59.6%) out of 10,145 presale participants have either sold or transferred their PUMP tokens to centralized exchanges (CEXs), soon after claiming them. The remaining 37.4% have maintained their holdings, with a mere 3% adopting to increase their positions shortly after PUMP token launch.
PUMP token has dropped nearly 20% from its peak
A significant rally followed PUMP’s token presale, reaching an all-time high of $0.006813 last Wednesday, according to CoinGecko. However, the massive sell-off coincided with almost 20% decline, marking down to $0.005468 within 24 hours. The newly listed token is now trading around $0.005315 as of writing, exhibiting a price correction after pumping on July 16.
However, BitMEX remained optimistic despite the significant drop where analysts noted that the PUMP token had already exceeded expectations. Despite the 20% decrease post-launch, the memecoin still listed with a starting price of $0.0056, which is 40% more than its presale price.
The said crypto exchange also noted:
Typically, such conditions as $PUMP large floats and quick profits lead to aggressive hedging and strong downward pressure in derivatives markets, explaining the main reason of the negative funding rates as traders quickly sell the token.
Pump.fun presale quickly sold out
The PUMP presale achieved one of the most successful token launches this year, raising $500 million through the ICO, all sold out in just a 12-minute period. However, traders and community members are still divided about the existence of PUMP and other memecoins in the crypto market, where some claimed it had unfavorable effects, while others celebrated the successful launch of the token.
Meanwhile, Spot On Chain reported on Tuesday (July 16, 2025) that Pump.fun deployed a large-scale buyback program, where they repurchased over 3.04 billion PUMP tokens using about $16 million worth of SOL, an aid in countering the rapid price declines. This eventually resulted in a rebound in token price, momentarily lifting it by approximately 20–30% to highs near $0.0068.
Price and Market Impact
As of writing, PUMP trades at $0.005315, ranging $0.005161 to $0.006325 over the last 24 hours. Volume remains at highs, trading approximately $1.06 billion over 24 hours. On the other hand, the most popular cryptocurrencies BTC and ETH suggest PUMP’s volatility is specific to the token itself, trading steadily at approximately $118,518 and $3,413 respectively.
Like other classic memecoins, PUMP exhibits the same pattern: unprecedented growth, instant profit-taking by presale holders, and intervention through buybacks. With heavy prompt selling and persisting supply pressure, price stability remains uncertain to the newly listed token until major holders reinvest and buyback initiatives continue.
Summary
Nearly 60% of PUMP presale wallets offloaded their tokens shortly after launch, triggering a nearly 20% price drop from its peak of $0.006813. BitMEX data confirms this rapid selloff. Despite the dip, a $16–$19 million buyback by Pump.fun using SOL temporarily lifted prices by 20–30%. As of now, PUMP trades around $0.0053 with high volume. Analysts highlight the memecoin’s volatility, noting a typical pattern of quick gains followed by aggressive exits. Price stability will depend on reinvestment from major holders and sustained buyback support.
