Pump.fun: Early Wallets Send 1.46B PUMP to Coinbase Prime
@EmberCN reported that three Pump.fun team or early investor wallets transferred 1.458 billion PUMP tokens valued at $7.58 million into Coinbase Prime, representing the monthly unlock tranche from their 70 billion token allocation that began vesting in July.
SourceAnalysis
Pump.fun team and early investor wallets moved 1.458 billion PUMP tokens worth $7.58 million to Coinbase Prime five hours ago, marking the exact size of this month’s unlock from a 70 billion token allocation that started vesting in July.
Price sits at $0.0 on the 4h chart, testing the lower Bollinger Band support at $0.01 while the EMA50 and EMA200 both rest at $0.01, creating a tight long-term resistance cluster. The MACD has printed a death cross and remains negative, yet RSI at 33.74 shows only neutral momentum rather than oversold conditions, suggesting any bounce may stall quickly at the $0.01 EMA confluence before further downside pressure resumes.
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@EmberCNAnalyst about On-chain Analysis