Pump.fun Sends 13.75 Billion PUMP Tokens to Wintermute, Price Craters 22%

Memecoin launchpad Pump.fun has transferred a massive 13.75 billion PUMP tokens, valued at around $55 million, to the prominent crypto market-making firm Wintermute. But instead of a rally, the news triggered a sharp 22.65% price crash for the token as the market reacted with uncertainty.  The large-scale movement, first flagged by on-chain analyst ai_9684xtpa, suggests […] The post Pump.fun Sends 13.75 Billion PUMP Tokens to Wintermute, Price Craters 22% appeared first on Coin Edition.