Crypto
Pump.fun Token Holders Move $91 Million to Exchanges Amid Price Rally
A significant transfer of PUMP tokens to centralized exchanges has raised concerns among investors. Three interconnected wallets moved approximately 19 billion PUMP tokens, valued at around $91 million at current prices, to Coinbase Prime and OKX.
This on-chain movement comes as the price of PUMP, the native token of the Pump.fun platform, gained about 5% over the past 24 hours. The token now trades near $0.004963.
The wallets received a combined 70 billion PUMP tokens in August 2025 as part of a token allocation. Analysts speculate that these addresses could belong to a Pump.fun team member or an early investor in the project, although actual ownership has not been verified.