An on-chain analysis from Onchain Lens indicates the Pump.fun team has been selling their token holdings. A custody wallet transferred 3.75 billion PUMP tokens about seven months ago, with a significant recent sale of 543 million tokens for $1.2 million USDC. The wallet still holds 3.2 billion PUMP tokens, valued at roughly $7.07 million.
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Pump.fun Token Holders Suspected of Large-Scale Token Sales, Analyst Reports
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