According to @lookonchain, the price of the PUMP token has fallen below its private and public sale price of $0.004. On-chain data reveals that a major investor, labeled "PUMP Top Fund 1," who acquired 25 billion PUMP for 100 million USDC in the private sale, is actively moving tokens to exchanges. This entity has deposited 17 billion PUMP, valued at $89.5 million, to exchanges via FalconX, indicating significant selling pressure. The investor still holds 8 billion PUMP, worth approximately $29.58 million, suggesting potential for further sales which could continue to suppress the token's price.