PUMP drops 30% as $6.3 million whale exits at a loss amid December buybacks

Pump.fun's PUMP token has fallen about 30.4% over the past month to $0.002754 after a major holder sold roughly $6.3 million in tokens at a loss. Despite the team conducting daily buybacks in December totaling around $12.7 million, indicators show persistent bearish momentum and a risk of losing support near $0.0025.