Headline: Team selling and mounting negative delta put PUMP at renewed downside risk Summary: PUMP plunged after failing at $0.00238 and is trading near $0.0021 as renewed team selling and rising spot-sell pressure compound a broader market correction. Onchain Lens and Coinalyze on-chain data show the Pump.fun team offloaded tokens into a weak market while retail selling accelerated, leaving technical indicators pointing toward further downside unless buyers step in. What happened on-chain - Onchain Lens flagged that the Pump.fun team wallet received 3.75 billion PUMP (about $25.39 million) from the Token Custodian wallet. After holding those tokens for seven months, the wallet sold 543.23 million PUMP for roughly $1.2 million, realizing an estimated $2.48 million paper loss on the trade. - Post-sale, the team wallet still holds about 3.2 billion PUMP, currently valued at roughly $7.07 million. Compared with PUMP’s 2025 peak around $0.009, those holdings have lost more than $17 million in value. Market flow and selling pressure - Coinalyze data shows selling pressure has picked up: at press time PUMP recorded 641.5 million in sell volume versus 629 million in buy volume, producing a negative buy-sell delta of about -12 million PUMP — a sign of aggressive spot selling. - Over the past 48 hours the altcoin registered more than 8.6 billion PUMP in sell volume, underscoring sustained sell-side dominance during the correction. Price action and technical outlook - PUMP was rejected at $0.00238 and dropped to around $0.0021, down 0.19% on the daily chart as of writing. The market has printed lower highs for two consecutive days, suggesting upside attempts are being met with pullbacks. - Momentum indicators are bearish: PUMP has slipped below its EMA-long (indicating weakening buyer conviction), and the RSI fell from 51 to 47, crossing under the 50 midline — a typical bearish signal. Parabolic SAR sits near $0.0017 and could act as a nearer-term support. - Near-term scenarios: continued selling could push PUMP toward the $0.0017 SAR support. Conversely, if buyers absorb the pressure and reclaim $0.0022, the token could target $0.0026 — reclaiming $0.0026 would be important for restoring upside momentum. Why this matters Team-originated selling during market weakness can amplify downward moves by increasing supply when demand is thin. Combined with heightened retail sell volume and weakening technicals, PUMP faces elevated downside risk unless buyers step back in to absorb inventory. Disclaimer: This article is informational and not investment advice. Cryptocurrency trading is high-risk; do your own research before making any financial decisions. Sources: Onchain Lens, Coinalyze, TradingView. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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