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>>PUMP Token Whale Emerges: Inactive Wallet Transfers $2.59M to Bitget, Triggering Market Scrutiny

PUMP Token Whale Emerges: Inactive Wallet Transfers $2.59M to Bitget, Triggering Market Scrutiny

crypthub

about 1 hour ago

Whale Deposit Triggers Attention

A dormant wallet moved $2.59 million of PUMP tokens to Bitget on March 21, 2025. The address, beginning with “GpCfm”, had been inactive for eight months, raising sell‑off concerns. Large exchange deposits often precede price pressure on meme coins.

Scale and Timing of Moves

The $2.59 M transfer follows $5.15 M moved over four days, all from the Pump.fun custody wallet. The whale still owns about 2.08 billion PUMP, so the recent deposits are a small slice of its stake. Staggered transfers hint at an attempt to soften market impact.

Potential Market Impact

Rapid sales could overwhelm the order book and push prices sharply lower. Gradual or OTC sales would apply steadier, milder pressure. The actual effect will depend on Bitget’s liquidity and the whale’s execution plan.

Analyst Insights

Experts see the wake‑up as a deliberate move, possibly linked to project news or personal liquidity needs. Watching the Bitget address will reveal whether tokens stay idle, are split, or hit the market. Traders should monitor subsequent flows to adjust risk strategies.