<div id="readability-page-1" class="page"><p>Pump.fun [PUMP] has remained largely neutral to developments over the past day involving the project’s team.</p><p>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.</p><h2><strong>Team transfers tokens to the exchange</strong></h2><p><span>Recent on‑chain activity indicates movement linked to the team behind the asset.</span></p><p>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.</p><p>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.</p><p>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.</p><p>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.</p><h2><strong>Market absorbs potential selling pressure</strong></h2><p>So far, spot exchange netflow data shows no clear evidence of a large-scale sell-off.</p><p>This metric tracks the inflow and outflow of an asset on exchanges to determine whether buyers or sellers currently dominate market activity.</p><p>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.</p><div id="attachment_576516"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/03/Screenshot-2026-03-06-at-11.38.21-AM-scaled.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2560" height="606" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/03/Screenshot-2026-03-06-at-11.38.21-AM-scaled.png"/></p><p id="caption-attachment-576516">Source: CoinGlass</p></div><p>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.</p><p>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.</p><p>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.</p><h2><strong>On-chain activity remains stable</strong></h2><p>Despite the market uncertainty, on-chain activity across the Pump.fun ecosystem remains relatively steady.</p><p>Launchpad volume on the platform continues to climb, indicating sustained activity that could support demand for the token.</p><p>Data from Artemis shows that launchpad volume currently stands at $101.8 million, marking the second-highest level recorded this year.</p><div id="attachment_576517"><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/03/Screenshot-2026-03-06-at-11.39.34-AM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2142" height="610" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/03/Screenshot-2026-03-06-at-11.39.34-AM.png"/></p><p id="caption-attachment-576517">Source: Artemis</p></div><p>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.</p><p>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.</p><p>At present, Pump.fun generates around $1.3 million in revenue per day, reflecting sustained activity across the ecosystem.</p><hr/><h2>Final Summary</h2><ul><li><em>The PUMP team moved part of its holdings to a centralized exchange, raising speculation about a potential sell-off.</em></li><li><em>Daily buying averages around $691,000, but declining accumulation across the broader trend leaves PUMP exposed to downside risk.</em></li></ul></div>

GBTC

COIN

MARA

<p>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.</p>

- Pump.fun [PUMP] experienced token transfers to the Bitget exchange, prompting speculation about a potential sell-off.  
- Despite average daily purchases of approximately $691,000, the Accumulation/Distribution indicator suggests persistent selling pressure, with 6 billion PUMP tokens entering circulation in the last 24 hours.  
- Stable on-chain activity and a rise in launchpad volume may gradually support demand and strengthen PUMP’s value over time.

Pump.fun team moves 1.75B PUMP: Can bulls offset selling pressure?