Dormant Whale Moves $5.15M in PUMP to Exchanges After 8 Months

Edgen Crypto

·Feb 25 2026, 02:58

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Key Takeaways

A whale account, inactive for eight months, has moved a significant volume of PUMP tokens to centralized exchanges, signaling a high probability of selling pressure. This action has put the market on alert for potential price declines as a massive remaining supply could be liquidated.

A major holder dormant for eight months transferred $5.15 million worth of PUMP tokens to exchanges over the last four days.
Specific transactions include a $2.59 million deposit to the Bitget exchange, confirming the intent to make the tokens liquid.
The whale still holds 2.08 billion PUMP tokens, creating a significant market overhang and risk of further sell-offs.

Whale Deposits $5.15M PUMP After 8-Month Dormancy

An influential PUMP token holder has broken an eight-month period of inactivity, transferring a total of $5.15 million worth of the asset to exchanges over the past four days. The address, identified as GpCfm…AA6SA, executed several transactions, including a notable deposit of $2.59 million directly to Bitget. This sudden activity from a long-term dormant account indicates a strategic move to liquidate a portion of its holdings, introducing a significant new source of supply to the market.

Holder Retains 2.08B Tokens, Sparking Sell-Off Fears

The market is now grappling with the implications of this whale's actions, as such large movements to exchanges are typically a precursor to selling. The transfers are likely to exert considerable downward pressure on PUMP's price. Compounding investor concerns, the address still possesses a massive 2.08 billion PUMP tokens. This substantial remaining stake represents a persistent threat of future sales, creating uncertainty and suggesting that the recent $5.15 million transfer could be the first of many.