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PUMP breaks below private sale price – confidence fading?
📉 Price drops below $0.004 ICO level
📊 According to Spot On Chain:
Out of 10,145 private sale buyers:
✅ 12.7% still holding
🔻 31.6% already sold on DEXs
➕ 2.7% are accumulating
💼 53% moved tokens to new wallets (likely for sale or spreading)
⚠️ 33% of tokens unlocked immediately → heavy sell pressure
💸 Despite $1.83M worth of buybacks, the downtrend continues
🧠 Takeaway: Strong speculative behavior, low conviction. Project risks entering a death spiral 🌀 if sentiment doesn't shift.
#PUMPtoken # ICOfail