$PUMP is PvP while $GP / $BONK is PvE
Insider activity detected on $PUMP launch
Insider wallets sold 25.5 billion tokens worth $141 million between July 17 and 21
Only 5 to 9 days post-TGE.
The team made $39.65 million in profit.
40% of the total supply was in the hands of insiders and fully liquid from day one.
One of the main wallets (Wintermute)
44P5Ct5JkPz76Rs2K6juC65zXMpFRDrHatxcASJ4Dyra
Sold 12.5B tokens for $67.2M in just two days.
Another wallet:
Fua2DmFyPb2aT6JMQ55SFGRkcSVtoq772VzyXGfcgXTw
Moved 12.5B through 13 different transfers
A third wallet:
F9KFgEZ1skvdk3kSa5mMC3UCBHrPrNEQJJWRtfsjyVZF
Sold 8.3B worth $40.5M by July 21.
13B tokens were sent to FalconX, a known institutional OTC desk, and another 12.5B to centralized exchanges.
The pattern shows this was structured selling
The token price peaked at $0.0069 but has now dropped to $0.0025.
That puts most retail buyers at a loss, with market cap falling from $4B to $2.52B.
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