Nearly 60% of PUMP pre-sale participants have sold or transferred their tokens to CEX or other wallets

Odaily News BitMEX data shows that about 60% of participants in the pump.fun pre-sale have sold or transferred their PUMP tokens to CEX, and only 37% of addresses still hold them. Despite the large initial circulation, the PUMP token funding rate remains positive, indicating positive market sentiment. PUMP rose to $0.0068 after the launch, and then fell back by more than 19%. BitMEX said that if trading volume continues to decline, its valuation may be difficult to maintain. (Cointelegraph)