Pump Token Tanks After Hype; Whales, Shorts Stir Concerns

Pump(dot)Fun token is currently priced at $0.005681 with an intraday loss of 23.72% and in just a few hours after its launch, its market cap reached $2 billion, and currently its trading volume is up by 23940.15%

Source: CoinMarketCap

According to data from CoinMarketCap, Pump tokens’ highest recorded price since its launch is $0.01214, recorded on July 13, 2025, and to date, its lowest traded price is $0.005101.

Data available on Solscan(dot)io states that the current supply of Pump token is 999,989,445,593.15, and currently the number of token holders is 38,145, which was 32,892 on July 14, and the total holders as of July 13 was 10,194.

As of July 14, 2025 the number of transfers was 493,664 and transfer value was $4.68 billion. At the same time in token dex trading total trades were 236,554 with a total sell volume of $203.1 million and $205.16 million in total buy volume.

Whales are entering the Pump token trading

Lookonchain said in an X post dated July 15, 2025, that two prominent Fartcoin whales sold 4.5 million Fartcoins to buy 1.04 billion Pump tokens

Two Fartcoin whales sold 4.75M $Fartcoin($6.07M) to buy 1.04B $PUMP!CTRWQ3 sold 2.75M $Fartcoin($3.52M) to buy 598.57M $PUMP 6 hours ago.9qwZtG sold 2M $Fartcoin($2.55M) to buy 440.77M $PUMP 7 hours ago. pic.twitter.com/mmNMn5c9iK

— Lookonchain (@lookonchain) July 15, 2025

Whale ‘CTRWQ’ sold 2.75 million Fartcoin for $3.52 million and later brought 598.57 million Pump tokens, and ‘9qwZtF’ sold Fartcoin worth $2.55 million and further bought 440.77 million Pump.

In an X post of July 15, 2025, Onchain Lens wrote that a whale deposited $5M USDC into Hyperliquid, bought $2.3 million worth of Pump token, and also opened a Pump short position with 5x leverage.

Mario Nawfal’s Roundtable said in its X post dated July 15, 2025, that a whale deposited $5 million USDC into Hyperliquid to buy 423 million Pump tokens for $2.3 million and has also opened a short position with 5x leverage on Pump.

Pump(dot)Fun facing allegation of turning altcoin traders into memecoin gamblers

Pump(dot)Fun, a Solana-based platform popular for the creation and trading of memecoins, has faced severe allegations of transforming altcoin traders into ‘memecoin gamblers’ due to a gamified interface and speculative environment.

@Beaniemaxi, an X account, wrote a post on January 27, 2025, which says that, “ So Pump Fun has made $500m in fees. And there are now billions worth of SOL permanently locked forever in liquidity pools of dead pump and dump memecoins on Raydium. It’s likely the biggest and most extractive scam in crypto history. Retail traders are absolutely destroyed by the meta.”

So Pump Fun has made $500m in fees. And there’s now billions worth of SOL permanently locked forever in liquidity pools of dead pump and dump memecoins on Raydium. It’s likely the biggest and most extractive scam in crypto history. Retail traders absolutely destroyed by the meta.

— Beanie (@beaniemaxi) January 27, 2025

Added in the same threat that, “ And you can’t blame Solana for supporting it. It’s not only created massive demand for SOL, essentially removing a meaningful amount of supply from circulation. But TVL and transaction volume are Solana’s marquee metrics. And both these have been absolutely mooning since Pump Fun launched.”