Wu Blockchain reports that Pump.fun has unlocked 57.279 billion PUMP tokens, valued at approximately $86.49 million, initiating a three-year vesting period for team and investor allocations.
This token distribution follows a one-year lockup period that concluded recently. The transfers involved 121 wallets, allowing previously locked tokens to become transferable. However, tracking on-chain movements does not confirm if recipients have sold any tokens.
According to on-chain analyst Yu Jin, two primary addresses were responsible for the majority of this distribution. One address released 52.039 billion PUMP, equating to about $78.58 million, while a second address moved 5.24 billion tokens, valued at around $7.91 million. After the unlock, PUMP was trading at about $0.0016, maintaining a double-digit gain within 24 hours, suggesting that the unlock did not lead to immediate sell-offs.
Following the token sale that launched PUMP, the existing allocations for the team (20%) and investors (13%) have now entered the three-year release period, which means that the total amount will not necessarily flood the market at once. Vesting schedules typically release tokens gradually. This significant event had been anticipated by traders, as prior data suggested an 82.5 billion PUMP unlock worth around $130 million. However, the first distribution was less than expected, indicating that on-chain movements may not always coincide with pre-scheduled unlock figures. Further distributions are anticipated during the ongoing vesting cycle.
This material is informational and does not constitute financial advice.
