--- title: "Pump.fun team moves 1.75B PUMP: Can bulls offset selling pressure?" type: "News" locale: "en" url: "https://longbridge.com/en/news/278192509.md" description: "The Pump.fun team transferred 1.75 billion PUMP tokens to the Bitget exchange, raising concerns about a potential sell-off. Despite a 1.73% price decline and a 21% drop in trading volume, market data shows continued buying interest with average daily purchases of $691,000. However, the Accumulation/Distribution indicator suggests persistent selling pressure, with 6 billion PUMP tokens entering circulation recently. On-chain activity remains stable, with launchpad volume at $101.8 million and daily revenue around $1.3 million, indicating potential support for PUMP's value over time." datetime: "2026-03-07T03:03:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278192509.md) - [en](https://longbridge.com/en/news/278192509.md) - [zh-HK](https://longbridge.com/zh-HK/news/278192509.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278192509.md) | [繁體中文](https://longbridge.com/zh-HK/news/278192509.md) # Pump.fun team moves 1.75B PUMP: Can bulls offset selling pressure? Pump.fun \[PUMP\] has remained largely neutral to developments over the past day involving the project’s team. For now, market sentiment will depend mainly on the actions of retail investors and on-chain users of the platform, as participants assess whether the next move will be a short-term rally or a further decline. ## **Team transfers tokens to the exchange** Recent on‑chain activity indicates movement linked to the team behind the asset. Data indicates that in the early hours of the 6th of March, a wallet linked to Pump.fun executed two transactions that transferred its native token, PUMP, to the cryptocurrency exchange Bitget. The first transaction involved the sale of 1.75 billion PUMP, valued at roughly $3.54 million. The second transaction transferred 5,000 PUMP tokens, worth about $10. Transfers from private wallets to centralized exchanges often raise concerns about a potential sell-off, as such movements typically increase the likelihood of tokens entering the market. Despite the transfers, the market has yet to show strong volatility. PUMP’s price has declined by 1.73%, while trading volume has dropped 21% to around $100 million during the same period. ## **Market absorbs potential selling pressure** So far, spot exchange netflow data shows no clear evidence of a large-scale sell-off. This metric tracks the inflow and outflow of an asset on exchanges to determine whether buyers or sellers currently dominate market activity. According to CoinGlass data, investors have continued to buy PUMP over the past five days, beginning on the 2nd of March, with average daily purchases of about $691,000. Source: CoinGlass However, a broader market indicator presents a different picture. The Accumulation/Distribution (A/D) indicator, which measures whether investors are accumulating or distributing an asset over time, suggests that selling pressure still dominates. Chart data shows that the distribution has persisted for several months, dating back to November 2025. In the past 24 hours alone, roughly 6 billion PUMP tokens entered circulation, indicating continued distribution into the market. The divergence between recent spot buying and the longer-term A/D reading suggests that current accumulation remains relatively weak. This aligns with the modest average buying activity recorded over the past five days. ## **On-chain activity remains stable** Despite the market uncertainty, on-chain activity across the Pump.fun ecosystem remains relatively steady. Launchpad volume on the platform continues to climb, indicating sustained activity that could support demand for the token. Data from Artemis shows that launchpad volume currently stands at $101.8 million, marking the second-highest level recorded this year. Source: Artemis The highest level occurred on the 2nd of March, when volume reached $105.2 million. Before this recent surge, the last time launchpad activity approached similar levels was in October 2025. Rising platform usage could gradually support overall demand and strengthen PUMP’s value over time. One metric worth monitoring closely is the platform’s daily revenue. At present, Pump.fun generates around $1.3 million in revenue per day, reflecting sustained activity across the ecosystem. * * * ## Final Summary - _The PUMP team moved part of its holdings to a centralized exchange, raising speculation about a potential sell-off._ - _Daily buying averages around $691,000, but declining accumulation across the broader trend leaves PUMP exposed to downside risk._ ### Related Stocks - [Grayscale Bitcoin Trust ETF (GBTC.US)](https://longbridge.com/en/quote/GBTC.US.md) - [Coinbase Global, Inc. (COIN.US)](https://longbridge.com/en/quote/COIN.US.md) - [MARA Holdings, Inc. (MARA.US)](https://longbridge.com/en/quote/MARA.US.md) - [Riot Platforms, Inc. (RIOT.US)](https://longbridge.com/en/quote/RIOT.US.md) - [ProPetro Holding Corp. 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