PUMP in the fourth quarter: 615 million USD withdrawn from the market, but the price continues to fall

Hossa in 2025 brought a new theme – massive capital flows and price manipulation. From the launch of Trump [TRUMP] to Bitcoin [BTC] volatility, whales and market makers exploit fluctuations, while retail investors suffer losses. However, not all movements are negative. The memecoin launchpad employs strategic buybacks to stabilize the market – in October and November, it spent 72 million dollars on buybacks. Despite this, technical indicators are disappointing. The technical picture of PUMP remains weak, raising questions about the effectiveness of price support.

Double Pressure on PUMP: Price Decline Despite Buybacks

The fourth quarter was a test for PUMP. The token fell by 22.39% in October, followed by another 36.19% in November – a total loss of over 60%. This nearly cancels out all gains from the third quarter, when PUMP reached peak levels close to 0.06 USD. Such divergence between buybacks and price divided market participants. Some see it as a natural bear cycle, others recognize signals of massive profit-taking. Downward pressure seems to be mounting.

Massive USDC Transfers: Market Signal That Raises Concerns

The situation on the memecoin launchpad is worsening. In recent months, the launchpad transferred 615 million dollars in USDC to one of the main platforms, including a recent transfer of 50 million dollars. Such a large amount would naturally be a positive signal – usually indicating profit-taking and liquidity withdrawal to improve returns for stakeholders.

Source: Arkham Intelligence

However, the reality is different. Weak price action of PUMP despite buybacks and huge money transfers raises serious suspicions among market participants. The question remains open: is this truly market support, or rather a preparatory stage for further declines? Adding negative news surrounding the ecosystem, the risk of further correction seems real and is a subject of discussion among analysts.

Forward Outlook: Caution Instead of Optimism

• Price paradox: PUMP received 72 million dollars in buyback support, yet fell 60% in Q4 – the model is not working as expected.
• Capital flows: The withdrawal of 615 million USD by the launchpad signals profit realization rather than increased market interest.
• Correction risk: The combination of weak technical indicators and massive transfers suggests that further declines may be approaching, especially in the context of the project’s reputational challenges.