Whale exits 3.8B PUMP tokens at a $12M loss as price nears key support, while traders eye potential rebound.
By Parth Dubey
Editor Yana Khlebnikova
Updated
3 mins read
A large PUMP holder closed a three-month position at a steep loss just as the price sits near multi-week lows. On-chain data cited by OnchainLens and Nansen shows the wallet deposited 3.8 billion PUMP, worth $7.57 million, into FalconX on December 23.
The same wallet initially withdrew those tokens from Binance for $19.53 million. The realized loss totals $12.22 million. The address involved is publicly visible, and the transfer appears to be a complete exit rather than a partial trim.
What a brutal loss!
Whale 3QB9kH accumulated 3.806B $PUMP($19.53M) from #Binance between Sep 12 and Nov 4 at an average price of $0.00513.
3 days ago, he deposited all 3.806B $PUMP ($7.3M) into #FalconX to sell, incurring a total loss of over $12M(-62%).… pic.twitter.com/XlJj2HOeiD
— Lookonchain (@lookonchain) December 23, 2025
PUMP is trading near $0.0018-$0.0019, holding just above a long-term support band highlighted on the daily chart below. Price has spent weeks inside a falling channel, with lower highs and consistent sell pressure.
Meanwhile, the RSI is below the midline. The MACD is still negative, indicating that sellers currently dominate. Also, price is now pressing the lower edge of the channel where prior bounces have occurred.
It is important to note that the whale exit adds supply, but it also removes a large overhead seller from the market.
PUMP price | Source: TradingView
If PUMP loses the $0.0018 support, a retracement toward the $0.0015-$0.0014 zone, where the next demand zone sits, is possible. A clean breakdown would invalidate the current channel structure.
On the other hand, a channel break and hold above $0.0027 would be the first major bullish shift. Above that, resistance layers sit near $0.0045 and $0.008, levels that previously capped relief rallies.
If price regains the channel midline, a full momentum reversal could target the $0.02 zone over time, but only after multiple resistance breaks and volume confirmation.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
