Wallet 77DsB linked to Pump.fun sold 3.37B PUMP for $7.23M and now holds just 373.49M PUMP worth about $788K.
A large wallet labeled “77DsB,” linked to Pump.fun, has continued selling PUMP tokens across several major transactions.
On-chain data shows the address has now sold billions of tokens for millions in USDC while reducing its holdings to a small fraction of its previous balance.
Multi-Billion PUMP Sell-Off Recorded On-Chain
Onchain lens reported that the wallet sold 3.376 billion PUMP for about $7.23 million in USDC.
The series of sales occurred over several transactions and reduced the wallet’s balance to 373.49 million PUMP, valued at about $788,000.
The pattern shows continued movement of tokens from the address to exchanges or swap platforms.
Earlier reviews of the wallet’s activity showed additional selling. Another set of data indicated that the wallet had sold 2.07 billion PUMP for $4.55 million in USDC while still holding 1.676 billion PUMP.
These earlier transactions helped identify a consistent selling trend from the same address.
Analysts tracking the wallet say the activity aligns with heavy distribution.
Each sale occurred during periods of increased trading volume, and the timing placed the wallet among the largest sellers within the PUMP market during the week.
Market Watches Ongoing Token Movements
The transactions from the wallet drew attention because PUMP experienced increased volatility.
Large token transfers can affect liquidity, and traders reviewed market depth as the address continued to move assets.
Several tracking dashboards displayed the transfers in real time as the wallet reduced its PUMP position.
Market watchers observed that the wallet used multiple pathways to complete sales. Some transfers went directly to swap platforms, while others were routed through intermediary addresses.
These movements provided more details about how the wallet executed its sales across the network.
Analysts also noted that the sell-off occurred during a period of broader market shifts.
Many small holders adjusted positions as trading conditions changed, yet the 77DsB address remained one of the most active in terms of raw token volume moved.
Related Reading: Pump.fun Launches Pump Fund, Targets Startups Beyond Memecoins
Researchers Monitor the Wallet for Further Activity
The reduction of the balance to 373.49 million PUMP indicates that most of the previous holdings have now been sold.
Tracking platforms continue to monitor remaining balances to see whether the wallet plans further sales.
They also watch for potential new inflows into the address that could suggest future trading activity.
Some researchers reviewed whether the wallet had any prior large holdings of other tokens. Initial observations show that most of the recent activity centered on PUMP.
Analysts continue to check whether similar patterns exist across other linked addresses.
As more data appears on-chain, researchers plan to track any new transactions from the wallet.
They say ongoing observation will help determine whether the selling trend has ended or whether the remaining PUMP balance will also move in upcoming sessions.
Source: https://www.livebitcoinnews.com/pumpfun-whale-dumps-3-37b-pump-for-7-23m-only-788k-left/
