PUMP whales sell at 51% loss as buybacks peak with 1.46B tokens in 2025

In 2025, Pumpfun’s PUMP token on Solana fell 78%, while a 6‑month whale holder shifted 750 million PUMP worth $1.47 million, locking in a 51% loss. Despite weekly buybacks consuming all protocol revenue and a single 1.46 billion PUMP buyback, speculative interest plunged 85% as Open Interest slid from $1 billion to $142 million, leaving the 16% price recovery and MACD golden cross dependent on reclaiming the 50-day Moving Average.