TechFlow news, July 23 — According to on-chain analyst Spot On Chain (@spotonchain), the price of PUMP has dropped below its private sale price of $0.004, indicating weak market performance. Data shows that out of 10,145 presale buyers, only 12.7% still hold the tokens, 31.6% have already sold them on decentralized exchanges, and 53% have transferred their tokens to new wallets or centralized exchanges. Notably, major investment funds such as "PUMP Top Fund 1" and "PUMP Top Fund 2" have secured profits of 19% and 43% respectively. Meanwhile, other whale addresses like "8UHpWB", "9Ucygi", and "2WHL4X" are facing an approximate 7.7% loss. Machi Big Brother's 5x leveraged long position is currently suffering a floating loss of $4.06 million. Over the past week, Pumpfun's fee account used SOL to repurchase approximately $19.81 million worth of PUMP tokens, although the pace of buybacks has noticeably slowed.
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