Pump.fun Don Move 2.5B PUMP Come OKX, Cause 15% Price Fall
Pump.fun, di meme crypto generator wey dey behind di PUMP token, don transfer 2.5 billion PUMP tokens (≈$9.19M) go OKX exchange. Later, few hours after di transfer, PUMP price drop 15%, fall from $0.003736 to $0.003172. Dis big deposit make market bearish as traders dey fear say big sell-off dey come. On-chain data show say open interest drop 6.41% to $443.79M, meanwhile trading volume jump 102%. Technical indicators dey show bearish momentum for PUMP token. Di 3-hour MACD cross below e signal line, di RSI waka down from 56 to 38, and PUMP dey trade below im 50- and 100-period EMAs. Chaikin Money Flow don turn negative, wey confirm money dey comot. Analysts dey talk whether Pump.fun dey offload holdings or dey boost OKX liquidity. Dis transfer show how meme coin fit tire for sudden changes in supply. Traders shud dey watch PUMP well well as market confidence dey drop.
Bearish
Di transfer of 2.5 billion PUMP tokens go OKX mean say di selling pressure high well well and market confidence don dey weak. From history, when project teams or whales dey move plenty coins, e dey always come before price sharp fall, like wey happen for past meme coin collapse. This move cause immediate 15% drop and e quicken di outflows, confirmed by negative Chaikin Money Flow and open interest wey reduce. For short term, traders go likely continue to dey unwind positions, dey maintain di downward momentum till di excess supply don clear. Long-term recovery depend if Pump.fun transfer na for liquidity or treasury purposes. Even if e strategic, di broken trust among holders fit delay any rebound. Overall, di immediate market sentiment and technical indicators dey point to further downside risk, so di impact na bearish.