A wave of concentrated liquidation hit the PUMP token market. OnchainLens flagged wallet “77DsB” which dumped its entire 3.75 billion PUMP holdings over 23 hours, converting them into $8.02 million USDC at an average price of $0.0021. The selling was not haphazard — it followed a systematic exit plan.
A second wallet, “GpCfm”, transferred 1.21 billion PUMP (worth ~$2.57M) to Bitget while still holding 3.54 billion PUMP (~$7.4M). Solscan records show multiple large swaps ranging from 6.18M to 14.12M PUMP each, yielding between $12,978 and $29,657 USDC. Several transactions clustered around the 14 million token mark, each netting just under $30K USDC — a clue to coordinated execution.
Pumpfun Wallets Execute Calculated Dump
Earlier swaps of 13 million PUMP produced slightly lower USDC amounts of about $27,500. The consistent batch size and timing point to a deliberate liquidity transfer strategy rather than random market noise. The operator appears to be selling in fixed tranches to avoid slippage from a single large trade.
Exchange Sentiment Diverges Sharply
Coinglass data reveals a split across platforms. Binance's overall long/short ratio stands at just 0.4995, implying more shorts than longs among retail participants. However, Binance’s top traders are heavily bullish with a ratio of 2.1824. OKX users are uniformly optimistic, at a ratio of 1.63.
Liquidation numbers underline the dominance of long positions. In the past hour, only $2.05 of longs were liquidated versus zero shorts. Over 12 hours, long liquidations totaled $64,260 compared to $2,840 for shorts. In the last 24 hours, longs saw $88,850 liquidated vs. $9,760 for shorts. With longs so oversized, any downside move could trigger cascading liquidations—the key risk for current PUMP holders.