Pump.fun Developers Unload $91 Million Worth of Tokens Amid Price Surge

A recent transfer of approximately 19 billion PUMP tokens to Coinbase Prime and OKX has raised questions about potential selling pressure in the market. The current value of the transferred tokens is around $91 million.

The three interconnected addresses that made the large-scale transfers received a total of 70 billion PUMP as part of the token allocation in August 2025. While it's speculated that these wallets may belong to a member of the Pump.fun team or one of the project's early investors, ownership has not been definitively confirmed.

Pump.fun's native token, PUMP, has experienced a price surge in recent times and is currently trading at around $0.004963, up about 5% in the last 24 hours. However, this value is still approximately 59% below its all-time high of $0.01214 reached on July 12, 2025.

Despite the large transfer, associated addresses still hold around 51 billion PUMP tokens, with a total value of approximately $251 million at current prices.