$PUMP November 11: An approximately 1.5% circulating-supply unlock for the team and existing investors is approaching, yet over the past 24 hours it has fallen about 6 percentage points more than $BTC —is the unlock already priced in, or is this a preview?
People on X have been discussing Pump.fun’s newly launched Diamond algorithm over the past couple of days. On top of the original Degen wash-trading rewards, it shifts some callout rewards toward higher-market-cap assets, longer holding periods, and perpetual and cross-chain trading. The platform wants to reward people who stick around longer. About 6.875 billion tokens will be unlocked on November 11 (4.167 billion for the team + 2.708 billion for existing investors, roughly 1.5% of the circulating supply, or about $25.3 million at the current price). The contract is currently around 0.00368, down about 6.1% over the past 24 hours, with a daily high of 0.003957 and low of 0.003564. At 23:00 on the 7th, a red candle saw about $18.5 million in trading volume; at 00:00 on the 8th, the price retested the daily low. Open interest notional fell from about $63.4 million to $60.6 million, and the funding rate turned negative at around -0.009%—shorts are paying.
Beyond the indicators: these tokens are being unlocked for the team and existing investors, not distributed as a community airdrop. Diamond changes the platform’s incentives; it can’t control these insiders’ allocations. Has the selling pressure already been absorbed, or do we have to wait until wallets actually transfer tokens to exchanges on November 11?
#PUMP团队投资者解锁 #Pumpfun Diamond algorithm
People on X have been discussing Pump.fun’s newly launched Diamond algorithm over the past couple of days. On top of the original Degen wash-trading rewards, it shifts some callout rewards toward higher-market-cap assets, longer holding periods, and perpetual and cross-chain trading. The platform wants to reward people who stick around longer. About 6.875 billion tokens will be unlocked on November 11 (4.167 billion for the team + 2.708 billion for existing investors, roughly 1.5% of the circulating supply, or about $25.3 million at the current price). The contract is currently around 0.00368, down about 6.1% over the past 24 hours, with a daily high of 0.003957 and low of 0.003564. At 23:00 on the 7th, a red candle saw about $18.5 million in trading volume; at 00:00 on the 8th, the price retested the daily low. Open interest notional fell from about $63.4 million to $60.6 million, and the funding rate turned negative at around -0.009%—shorts are paying.
Beyond the indicators: these tokens are being unlocked for the team and existing investors, not distributed as a community airdrop. Diamond changes the platform’s incentives; it can’t control these insiders’ allocations. Has the selling pressure already been absorbed, or do we have to wait until wallets actually transfer tokens to exchanges on November 11?
#PUMP团队投资者解锁 #Pumpfun Diamond algorithm
