Two wallets dumped 1.25B pump coins within two hours, resulting in a loss of $1.19 million. The move comes after the founder of Pump.fun confirmed the delay with the much-anticipated airdrop. Alt exhibits bearish amidst the restlessness of the community, down 4% in past days.
Pump.Fun’s Meme Token was unable to maintain the pace due to a massive dump from major investors.
Amid overwhelming sales pressure since the public sales event on July 12th, the pump has plummeted from private sale prices from $0.004 to $0.002,202.
The sale of Meme Token continued today.
LookOnchain data shows two whale wallets linked to early investors, dumping 1.25 billion pump coins within two hours.
The total sales were worth around $3.81 billion, resulting in losses of over $1.19 million.
2 Wallets (probably private sale investor) sold for $0.00305 for $119 million ($3.81 million) over the last two hours, and 1.19mm.https://t.co/5tx1g9vs6lhttps://t.co/msm0onmniu pic.twitter.com/glybdghfl8
– lookonchain (@lookonchain) July 24, 2025
Participants were offloaded at $0.00305 per token.
The continued sale has sparked concern among pump owners.
The huge token sales from early investors are normal for the timing and scale of Pump.Fun, a digital asset space, but combined with a disappointing update on the much-anticipated airdrop, has expanded its bearish momentum.
Pump.Fun founder does not check for immediate airdrops
Analysts had speculated that the delayed airdrop prompted a considerable token dump, but the founder of Pump.Fun solidified this fact.
Meme Generator founder Alon Cohen addressed Airdrop’s concerns in an interview with Michael Streadguy Jerome on Wednesday.
bew new: Aron confirms that airdrops will not take place in the near future. pic.twitter.com/h3u6jhxjr7
– Crypto_briefing (@crypto_briefing) July 23, 2025
Aron confirmed that the project would hold the airdrop.
However, he emphasized that giving away events will have to wait as current priorities remain ecosystem development and long-term growth.
Aron revealed that Pump.fun is targeting well-executed, meaningful giveaways that reward the community rather than rushing to enter the hype fuel deadline.
He said:
We want to make sure it’s a meaningful airdrop and it’s running well. We actually focus on bringing much of that attention and hype back into our ecosystem. That being said, airdrops won’t happen in the near future.
Aron added that he will provide details and timelines if appropriate.
While explanations may make sense to some, others see it as a delay indicating internal uncertainty or fading momentum.
Private investors leave pump.fun
Despite official confirmations, on-chain experts have identified addresses to dump the pump as purchased early in the public sales period.
What’s most surprising is that participants are at a loss as they choose an exit.
This could only show two things. A strategic outlet before a lack of confidence in the short-term performance of the pump or a liquidity crunch.
Pump Price Action
Pump.Fun’s native token lost nearly 4% to trade at $0.02,202 in the last 24 hours.
Technical indicators show downward pressure.
The pumps fall below the clear moving averages of 50 and 100 on the 1D chart, confirming the dominant sellers.
The 1D RSI of 55 suggests more pump dip room before oversold situations emerge.
Additionally, the 3HMACD has weakened momentum and has not been able to decisively surpass the signal line since the bearish crossover on July 18th.
With technical and fundamentals bearish, Pump.fun’s native tokens are poised for an expanded decline before they can secure reliable footing.
