Pump.fun Wallets Move $7.58M in PUMP to Coinbase Prime
Photo: CoinCentral
TLDR Three Pump.fun-linked wallets transferred 1.458 billion PUMP tokens, worth approximately $7.58 million, to Coinbase Prime. On-chain analyst EmberCN linked the transfers to scheduled monthly token releases involving team and early investor allocations. PUMP declined roughly 12% over 24 hours as the latest transfers attracted market attention. Coinbase Prime deposits do not confirm immediate selling, as institutional clients also use the platform for custody. Pump.fun team and investor token unlocks will continue through 2029, introducing additional tokens into circulation. Three Pump.fun team or early investor wallets transferred 1.458 billion PUMP to Coinbase Prime on October 13.
Source: CoinCentral
