Pump.fun Slides 30% as Whale Exit Raises Concerns

December 13, 2025 Ananya Sharma 0 Comments

Pump.fun slides sharply as the token records a 30 percent decline over the past month, signaling growing weakness across the market. The drop has placed PUMP under sustained selling pressure, drawing attention from traders tracking whale behavior, exchange flows, and technical indicators. Once trading near recent highs, the token has struggled to regain momentum, raising questions about whether the decline represents a temporary correction or a more meaningful shift in sentiment.

Over the past several weeks, price action has remained consistently bearish. PUMP previously traded close to $0.0048 but gradually moved lower, settling near the $0.0027 range. This decline reflects more than short-term volatility, as the market has failed to generate enough demand to offset continuous selling.

Pump.fun slides on one-month price chart showing sustained downward trend and selling pressure

The one-month price chart further highlights how Pump.fun slides within a sustained downtrend. After reaching a local high earlier in the month, the chart shows a steady series of lower highs and lower lows, reflecting consistent selling pressure over time. Short-lived recovery attempts failed to hold, indicating that buyers were unable to establish strong momentum. This visual trend supports the broader market narrative of weakness, reinforcing concerns that selling activity has outweighed demand throughout the past month.

Pump.fun Slides Within a Descending Price Structure

The ongoing Pump.fun slides have occurred inside a clear descending channel. Each attempt to rally has been met with selling, pushing the price back toward lower support levels. This structure suggests that sellers remain in control, while buyers appear cautious and selective.

As the token moved lower, confidence among market participants weakened. Instead of aggressive dip buying, traders appear to be waiting for clearer confirmation of a trend change. This hesitation has allowed bearish momentum to remain dominant, keeping price action compressed within a downward trajectory.

Whale Exit Adds to Pump.fun Slides Narrative

Large Holder Sells at a Loss

A major factor contributing to the Pump.fun slides was the exit of a large whale position. On-chain data showed that two wallets linked to the same entity sold approximately $6.3 million worth of PUMP tokens. These wallets had accumulated tokens over more than three months, starting near the token’s all-time highs.

One wallet sold around 1.17 billion PUMP tokens valued at about $3.21 million, while the second wallet sold roughly 1.129 billion tokens worth close to $3.11 million. This exit reportedly resulted in a loss of over $5 million, representing nearly half of the whale’s original position.

Market Impact of Whale Selling

Whale exits often influence market psychology, especially when they occur at a loss. In this case, the decision to sell into weakness suggests reduced confidence in a near-term recovery. When large holders capitulate, it can reinforce bearish sentiment among smaller traders who may view the move as confirmation of further downside risk.

The timing of the whale exit aligned with broader selling pressure, amplifying the impact on price. Rather than absorbing supply, the market appeared unable to counterbalance the increased selling volume.

Exchange Flows Reflect Rising Sell-Side Activity

Spot Netflow Turns Positive

Another key factor behind the Pump.fun slides was a shift in exchange flow data. Spot Netflow for PUMP recently turned positive, indicating that more tokens were moving onto exchanges. In most cases, this behavior signals preparation for selling rather than long-term holding.

The change suggested that holders were increasingly willing to liquidate positions, particularly as price continued to trend downward. When exchange inflows rise without matching demand, downward pressure on price tends to increase.

Weak Demand Intensifies Risk

The rise in spot netflow to around $509,000 showed that selling pressure remained active. Without a strong influx of buyers, these additional tokens entering exchanges added to the supply imbalance. This dynamic helps explain why price struggled to stabilize despite occasional short-term rebounds.

As a result, the Pump.fun slides persisted, supported by both on-chain activity and exchange behavior pointing toward caution rather than accumulation.

Buybacks Attempt to Offset Pump.fun Slides

Ongoing Buyback Strategy

Despite market weakness, the Pump.fun team continued executing daily buybacks throughout December. In one 24-hour period alone, the team purchased roughly 436.9 million PUMP tokens, valued at approximately $1.2 million.

Over the course of the month, total buybacks reached around $12.7 million. These actions were aimed at reducing circulating supply and supporting price during a challenging period. Buybacks are often viewed as a sign of internal confidence, particularly during extended downturns.

Limited Effect Against Broader Pressure

While buybacks provided some absorption of sell-side pressure, they were not enough to reverse the overall trend. Continued selling from whales and increased exchange inflows outweighed the stabilizing effect of these purchases.

This highlights a key limitation of buybacks. When market sentiment remains bearish and demand is weak, internal support mechanisms alone may struggle to drive a sustained recovery.

Technical Indicators During Pump.fun Slides

Oversold Conditions Emerge

From a technical perspective, indicators showed that PUMP entered oversold territory. The Stochastic RSI dropped to around 21, a level often associated with potential exhaustion in selling pressure.

Oversold conditions can sometimes lead to short-term relief rallies. However, in strongly bearish environments, prices can remain oversold for extended periods without meaningful recovery. Traders typically look for confirmation through price structure or volume before acting on these signals.

Key Levels to Watch

Support around the $0.0025 level has emerged as a critical zone. A failure to hold this level could expose the token to further downside. On the upside, reclaiming the 20-day exponential moving average near $0.0029 would be an early sign of stabilization.

A stronger bullish shift would require price to reclaim the 50-day EMA around $0.0034. Until those levels are recovered, the broader trend remains cautious.

Conclusion on Pump.fun Slides

The ongoing Pump.fun slides reflect a market under sustained pressure from whale exits, rising exchange inflows, and weak demand. Although buybacks have provided some internal support, they have not been sufficient to overcome broader bearish forces. Technical indicators suggest oversold conditions, but confirmation of a recovery remains limited. For now, market participants appear focused on whether key support levels can hold and whether demand can return to counterbalance continued selling.

Keep yourself updated with the latest crypto news with FYI Gazette

Keep yourself updated with the latest Altcoin News with FYI Gazette