- Topic
4k Popularity
90k Popularity
121k Popularity
5k Popularity
2k Popularity
- Pin
- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
🎁 4 winners split $100 Futures Voucher! - 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
PumpFun's first dumping of 86,000 SOL realized 16.28 million USD, with the PUMP price approaching ICO levels.
On August 13, on-chain data showed that PumpFun conducted its first large-scale dumping of 86,000 SOL five hours ago, cashing out 16.28 million USD USDC. This move occurred as the price of the PUMP Token approached its ICO issuance price of 0.004 USD, triggering high market attention towards its subsequent trend.
8.6 million SOL shipping details
(Source: Arkham)
According to the report by Yuzhen, SOL was transferred from the fee wallet and the buyback wallet to the CEX, and then sold on-chain at an average price of 189 USD, with the proceeds in USDC transferred back to the exchange.
This is the first large-scale trap since PumpFun issued its tokens, seen by the market as a signal for whales to lock in profits.
PUMP: One of the largest ICOs in history, price has fallen back to the issuance price range
ICO fundraising: raised 500 million USD in less than 12 minutes
Fully Diluted Valuation (FDV): Over 4 billion USD
ICO Price: 0.004 USD
Listing high point: 0.0068 USD (subsequently plummeted nearly 67%)
In the past few weeks, PUMP has shown signs of a rebound, but is still suppressed by whale dumping, with the price currently approaching ICO levels.
The Tug of War Between Buybacks and Whale Dumping
PumpFun has invested 118,000 SOL (approximately 19 million USD) to repurchase nearly 3 billion PUMP at an average price of 0.0064 USD, which should theoretically reduce the circulating supply and support the price.
However, over the past month, PUMP has still fallen by 53%, indicating insufficient organic demand.
On-chain analysis company Lookonchain pointed out that well-known trader ParallelAiRev has liquidated their PUMP long position, locking in over 1.5 million USD in profit as the price approached recent highs, and is ranked first on the Hyperliquid 30-day PUMP trading leaderboard.
Technical Analysis: Rising Wedge Internal Momentum Weakens
Since hitting a low of 0.0022 USD on July 29, PUMP has been rebounding within an ascending wedge, with higher lows being gradually established, but the upward momentum is decreasing with each attack.
Platform Advantages: PumpFun has reclaimed its status as the top Meme Token issuance platform on Solana, accounting for over 65% of the daily 27,500 issuances.
Risk factors: Heavyweight traders taking profits may weaken short-term upside potential.
Conclusion
PumpFun has launched its first dumping of 86,000 SOL, indicating that whales locking in profits are affecting the market sentiment of PUMP. Although the platform's activity and buyback actions provide some support for the Token, persistent selling pressure and insufficient demand have made PUMP's short-term trend highly uncertain. For investors following the Solana ecosystem's Meme coin market, the next steps for PUMP will be a key focus.