Nearly 60% of PUMP Presale Sold Amid 19% Price Drop
PUMP token presale raised $500 million in 12 minutes and peaked at $0.006812. The price later retraced 19% to about $0.0054. BitMEX data shows 59.6% of presale tokens were sold or sent to exchanges. Another 37.4% of wallets still hold, and 3% increased their positions. Funding rates on PUMP perpetual futures remain positive, indicating ongoing demand. Trading volumes on the Pump.fun launchpad plunged from $11.6 billion in January to $3.65 billion in June. This volume decline raises concerns over liquidity and valuation sustainability. Solana-based launchpad LetsBonk captured 54.7% of meme token volume in 24 hours. Traders should monitor token distribution, funding rates and launchpad volumes to gauge price volatility and market stability.
Neutral
Mixed signals from the PUMP token presale point to a neutral market impact. On one hand, nearly 60% of tokens were sold or transferred to exchanges, and price has retraced by nearly 20%, which could weigh on short-term sentiment. On the other hand, positive funding rates on perpetual futures suggest sustained demand. Additionally, competitive dynamics among launchpads may affect liquidity rather than outright direction. Overall, the balanced factors of supply pressure and ongoing demand support a neutral outlook.