PUMP token falls below key support, whale large-scale selling triggers chain reaction

【CryptoWorld】PUMP’s market performance has been a bit rough these past two days. The latest price has dropped to $0.002754, down 3.85% intraday, with the continuous bottoming process showing no signs of stopping.

On-chain monitoring detected a large order that drew attention—a major holder directly dumped tokens worth $6.3 million. This operation resulted in a direct loss of over $5 million, seemingly a forced stop-loss. Meanwhile, the exchange’s net inflow shifted from negative to positive, indicating that selling pressure is increasing and a large amount of chips are flowing into exchanges.

However, the team is not just sitting idly by. It is understood that they are executing a buyback plan to stabilize the situation, having already invested about $12.7 million in December in an attempt to support the price. But from the current trend, these measures seem to have limited effect.

Technical data also looks less optimistic—the Stochastic RSI index is now only 21, which means the token has entered the oversold zone. Although historical experience suggests this often signals a potential rebound, given the current selling pressure, the strength of such a rebound remains uncertain.