The post PUMP slips as on-chain data link team wallets to $7.23M sale appeared on BitcoinEthereumNews.com.

No confirmed $7.23M; latest confirmed on-chain sale about $4.55M Claims that a Pump.fun-linked wallet sold $7.23 million of PUMP in the past two days remain unconfirmed. The most recent confirmed sale is 2.07 billion PUMP, about $4.55 million, as reported by Crypto-Economy. A separate sale of 543.23 million PUMP for roughly $1.2 million, realized at a reported loss, was noted by AMBCrypto. These transactions are distinct and should not be conflated with the unverified $7.23 million figure. No named analytics firm or major outlet has confirmed a $7.23 million disposal in the last 48 hours. Current assessments therefore focus on verifiable transfers and their market context. Why this matters: PUMP on Solana, liquidity, and token overhang For a Solana-based memecoin with concentrated holdings, large disposals can stress liquidity and widen spreads. Executed during fragile market conditions, such sales may deepen drawdowns and complicate price discovery. Concerns persist about transparency and treasury practices after significant stablecoin movements to exchanges. Based on data from Lookonchain, Pump.fun transferred roughly 436.5 million USDC to Kraken over prior months, a flow that sharpened scrutiny of motives and governance. Potential token overhang, from any remaining team-linked balances, can weigh on sentiment even without immediate sales. The risk is path-dependent and contingent on future on-chain behavior and liquidity depth. BingX: a trusted exchange delivering real advantages for traders at every level. At the time of this writing, PUMP is around 0.004905 with sentiment flagged as Bearish. Volatility is very high at approximately 19.80%, indicating wider expected ranges. Momentum metrics are weak: RSI14 near 24.95 suggests oversold conditions, while spot trades below the 50-day and 200-day SMAs (0.008069 and 0.01427). Green sessions were 13 of the past 30. On-chain analysis and verification steps Verification typically centers on labeled wallets, transaction sequencing, and exchange inflow monitoring. Analysts compare reported…

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Filed under: News - @ February 21, 2026 5:24 am