In the cryptocurrency market, significant large-scale transfers have occurred involving Pump.fun’s native token, $PUMP. According to on-chain data, three interconnected addresses transferred approximately 19 billion $PUMP tokens to Coinbase Prime and OKX.
The current value of the transferred tokens is approximately $91 million. The large volume of tokens sent to exchanges has raised questions about potential selling pressure in the market.
An examination of the past transactions of the three addresses in question reveals that they received a total of 70 billion $PUMP as part of the token allocation in August 2025. Therefore, it is speculated that the wallets may belong to a member of the Pump.fun team or one of the project’s early investors. However, ownership of the addresses has not been definitively confirmed.
Wallets Still Hold $251 Million Worth of Pumped Money
After 19 billion $PUMP tokens were transferred to exchanges, associated addresses still hold approximately 51 billion $PUMP tokens. At current prices, the total value of these tokens is approximately $251 million.
$PUMP is trading at approximately $0.004963 at the time of writing and has risen by about 5% in the last 24 hours.
The token reached its all-time high of $0.01214 on July 12, 2025. At its current price, $PUMP is trading approximately 59% below its peak.
*This is not investment advice.