PUMP Private Investors Move $160M in Tokens to Exchanges: Token Crashes 14%

TL;DR Private-sale whales deposited 29. 5 billion PUMP tokens (worth $160 million) onto exchanges, triggering a 14% price crash in 24 hours. The zero-vesting launch unleashed unlimited sellable supply, sending the token down 32% since July 15 and beneath its $0. 004 ICO price. Market cap contracted sharply while trading volume spiked as speculators dumped or shorted,. . . source: https://crypto-economy.com/pump-private-investors-move-160m-in-tokens-to-exchanges-token-crashes-14/