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PUMP Token Price Falls Below Initial Sale Price as Major Fund Distributes Holdings
Gate News bot message, PUMP token has fallen below its initial private and public sale price of $0.004. Data shows "PUMP Top Fund 1" acquired 25 billion PUMP tokens for 100 million USDC during the private sale at $0.004 per token. The fund has subsequently transferred 17 billion PUMP tokens (valued at $89.5M) to centralized exchanges, while maintaining possession of 8 billion PUMP tokens (worth $29.58M).