2025-12-28 01:22:04

On-chain monitoring data shows that the PUMP project team has recently made significant moves again. Just 10 hours ago, they transferred 50 million USDC from the ICO sale to a major exchange, Kraken. This is not an isolated incident — since mid-November, the project team has transferred a total of over 600 million USDC to that exchange. The story behind it is even more heartbreaking: during the institutional ICO round in June, PUMP's subscription price was $0.004, but now the market price has dropped to $0.0018, a decline of 55%. This frequent large withdrawal activity, combined with such a bleak market performance, indeed makes people wonder whether they are clearing out their positions or have other considerations.

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NewPumpamentals

· 12h ago

Is there still someone buying the dip when the clear liquidation signals are so obvious? --- 600 million USDC poured into the exchange, I've seen this move too many times --- 55% drop and still crazy withdrawals, truly impressive --- Another "we are still building" story, so pitiful --- The project team’s move, anyone with a foot can guess the outcome --- They can't even hold the ICO price, how can people trust them? --- Large sell-offs are coming, brothers, another round of harvesting --- This is Web3, an eternal feast for the leeks --- A transfer record of 600 million USD, clearly visible on the chain --- Still withdrawing after the drop, isn’t that a clear sign to liquidate?

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DefiSecurityGuard

· 12h ago

classic rugpull setup tbh. 50m usdc dump in 10 hours? that's not "rebalancing" lol. seen this exact pattern 47 times this cycle already

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0xSunnyDay

· 12h ago

Hmm... 600 million USDC poured into the exchange, this move feels a bit off. A 55% drop from the IPO price and still aggressively promoting the coin—who wouldn't think something's wrong? Clearing out or cutting losses, anyway, we retail investors are just cannon fodder. Another "promising" project has now become a textbook case of how to trap people. ICO was 0.004, now it's 0.0018—the price difference... Ah, forget it, don't think about it, lost again.

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gm_or_ngmi

· 12h ago

Sell everything, what else is there to think? Dropped from 0.004 to 0.0018, the project team doesn't even dare to hold it anymore. The project team is疯狂 dumping, retail investors are the bagholders, old tricks. Moving 600 million USDC to exchanges? Is this a pump? Or just profit-taking? Breaking below 55% and still transferring coins, I just wonder where this confidence comes from. Wait, isn't this another prelude to a rug pull... looks a bit suspicious. The project team has transferred so many coins out, will they just disappear later? To put it bluntly, this is a sign of a scam, retail investors are still buying. There's no doubt to sell everything, what other considerations are there?

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