PUMP Token Crashes 25% Below ICO as Whales Exit

- PUMP token plunges 25% below its ICO price following major sell-offs. - Over 80% of buyers moved or sold their holdings post-launch, fueling downward pressure. The PUMP token from Pump.fun has collapsed since its ICO, now trading 25% below its presale price. On July 22, 2025, Cryptopolitan reported that the steep decline began after major presale investors rushed to offload their holdings. These actions triggered widespread sell-offs across centralized and decentralized exchanges. On-chain data reveals that 2 of the largest institutional ICO buyers, "PUMP Top Fund 1" and "PUMP Top Fund 2," drove substantial liquidations. "PUMP Top Fund 1," which originally purchased 25 billion tokens for $100 million, deposited and sold 17 billion PUMP for $89.5 million. Meanwhile, "PUMP Top Fund 2" sold its entire 12.5 billion token stake, securing $71.75 million in returns. Other whale investors also sold heavily, dumping 25.5 billion tokens and collectively pocketing $40 million in profit. This rapid liquidation made PUMP the worst-performing token over the last 90 days, causing it to shed 40% of its value from its peak. The sell-off was driven by post-launch activity, as more than 80% of initial buyers either moved or sold their holdings, with 31.5% of them liquidating their assets on decentralized exchanges. The sell-off not only caused PUMP's price to tumble but also redirected liquidity into other assets, such as SOL, which rallied above $200 during the same period. In broader market comparisons, Pump.fun struggles to match its competitor, LetsBonk, across various metrics. While Pump.fun generates 8,000 to 10,000 tokens daily, LetsBonk creates over 22,000. LetsBonk also leads in daily fees, earning $1.84 million compared to Pump.fun's $1.21 million. Additionally, Pump.fun faces challenges sustaining token vitality, as only 7% of its tokens that transition to decentralized exchanges remain active after one month. According to market data, the PUMP token traded at $0.004 as of 16:09 UTC on July 22. This price represents a 13.242% drop over the past 24 hours. During this period, the platform’s trading volume increased by 35.606%, reflecting heightened sell-off activity. The fully diluted market cap of Pump.fun stands at $3.74 billion, and its circulating market cap is approximately $1.33 billion.