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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
How have $PUMP public sale buyers positioned since the sale?
Of 10,145 buyers who purchased 150B tokens at $0.004 (15% of supply):
1,692 (16.7%) still holding
5,156 (50.8%) transferred
2,995 (29.5%) sold on DEX
302 (3.0%) acquired more
Most transfers likely went to exchanges for selling. Combined with DEX sales, ~80% have exited or are positioned to exit.
Taking 65% gains at $0.0065 was rational given unlimited ICO size without lockups.
Key question: does $0.004 act as natural support from new buyers, or psychological resistance as remaining holders capitulate below their entry?
*Data excludes 18% institutional allocation

h/t @Adam_Tehc for the clean data🫡
"Key question: does $0.004 act as natural support from new buyers, or psychological resistance as remaining holders capitulate below their entry?"
Looks like we're about to find out...

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