According to data from @defioasis, after the opening, among the 10,145 PUMP buyers who contributed $448.500 million in the presale from the official website, 6,042/10,145 (59.6%) have sold/transferred to CEX or other wallets, 3,791/10,145 (37.4%) continue to hold, and 312/10,145 (3%) have increased their holdings of PUMP. [Wu Shuo]

PUMP

Sixty percent of PUMP presale buyers have sold or transferred their holdings, with only 3% choosing to increase their positions.

The big event these past few days has been the meme launch platform Pump.fun's token presale. After much anticipation, PUMP launched its presale on July 12th, selling out $500 million worth of shares in just 12 minutes. This is a stark reminder that it's not that the market lacks funds, but rather that the money in the market is more inclined to wait and see and invest in large projects. As Bitcoin breaks new highs, PUMP's presale seems to be at a delicate point in time where the market sentiment is shifting from bearish to bullish, and more people are starting to experience FOMO. There are also whales opening long positions on Hyperliquid. Correspondingly, there is another group of people who feel dejected for not being able to access PUMP through CEXs. According to Pump.fun's official website data, the data for several CEXs that previously announced presale cooperation with it is 0 in the proportion of all PUMP channels that were successful in the presale; and for the other CEXs with data, such as KRaken, KUcoin, and Gate, the proportion of the total PUMP presale obtained through them is only about 10%. If you also tried to participate in the PUMP presale from a CEX, you most likely came up empty. But don't be upset just yet, here is more data that may make you feel better, which may point to a clearer conclusion --- the PUMP presale may be a carnival for a few. Kraken, a Carnival for Two In the prior arrangement, Pump.fun's presale sought cooperation with 6 CEXs; regardless of the specific process and reasons, the presale data of three of them was 0 in the results, which made people focus on the other three CEXs that obtained shares. Kraken is the CEX that obtained the most shares, generating a total of $30.000 million in new offering quota. You might think that many users obtained PUMP through Kraken, but the reality may be that --- only 2 people obtained the quota. According to Twitter user @splinter0n's monitoring of the presale interface data, the value in the "Number of Participants" column for Kraken during the presale was 2, meaning that only 2 people participated in the new offering (2 independent addresses), and they obtained a total of $30.000 million in quota. (Source: @splinter0n) In the comments section of the post, people also discussed who these two people were, but overall, social media tends to believe that this is a layout by powerful whales, and ordinary retail investors cannot obtain such a large amount of money, and cannot participate when CEXs collectively have problems. In addition, the blogger also showed more data, which shows that only 15 people participated through Gate, obtaining a total of $5.000 million in quota; 120 people participated through Kucoin, obtaining a total of nearly $16.500 million in quota. In other words, the total number of participants in these three exchanges that can obtain PUMP shares is less than 140; considering that one person may hold multiple addresses, this data is estimated to be even smaller. It is worth noting that, for the authenticity and credibility of the data, in the other data monitored by the blogger, the total number of participants in the presale, the total amount of participation, and other data are almost the same as the data displayed by the Pump.fun official. Therefore, for the number of people who participated in the PUMP new offering through several CEXs, although the official did not specify, we also have reason to speculate that this is close to the real situation. In any case, participating in the new CEX offering is a Pump for a few, and a dejection for the majority. Most People Only Bought $500 If users who participated in the new CEX offering failed to participate due to process failures, then did the retail investors who directly went to the official website make a fortune? Let's use data to speak. Blockworks, a well-known overseas media and data analysis platform, recently launched a data panel, which can intuitively see various data of this PUMP presale. First of all, a total of 10,000 independent addresses participated in the purchase, and the most concentrated purchase amount was concentrated in the range of $100 - $1000, and the median purchase amount was about $540. Note that this is the median rather than the average, and the statistical caliber has excluded the situation where the average is raised due to the purchase of a few super whales. In other words, most addresses only participated with $500; and on the Twitter timeline, you may find a large number of posts complaining about not being able to buy successfully or FOMO, and the degree of regret seems like they bought hundreds of thousands of dollars. There is often a huge gap between real data and social media sentiment. Emotions can be amplified, but there is only so much money in the wallet. And if we examine large accounts, there are 202 wallets with purchase amounts exceeding $1.000 million, and 138 wallets with purchase amounts exceeding $500,000. In addition, there is some interesting data that is also worth paying attention to. Among all the wallets participating in the presale, the proportion of new wallet addresses created in less than 24 hours accounted for nearly 45%. If the presale has a purchase limit for each wallet, then large accounts and institutions can bypass the limit by creating new wallets in batches to maximize their purchase volume. In contrast, the proportion of wallets that have existed for more than one year and participated in the presale is less than 5%. This also supports a view discussed in the community --- the presale is more beneficial to large accounts, and old retail investors may become "exit liquidity." Finally, if you examine the source of funds for participating in the presale directly on the Pump official website, you will find that in addition to self-built independent addresses, most of the off-chain funds are actually withdrawn from Bianance, and the number even exceeds the total number of withdrawal addresses from all other CEXs. On the chain, Solana's ecosystem of DeFi projects such as Raydium, SolFi, and Jupiter contributed a large amount of funding. Putting them together, the proportion of funds from their own independent addresses and DEXs in the cumulative 10,000+ participating addresses has exceeded 60%, and CEXs account for less than 30%. This once again illustrates the importance of channels. For most crypto projects, the shorter the participation path, the better; people tend to want to save trouble. If they withdraw from a CEX to their own address and then participate in the presale, the willingness to participate will inevitably decrease. So now we see that each CEX is directly embedding on-chain new offerings and creating its own on-chain wallet in its APP entrance, which is also reasonable. Edge Walker Putting these PUMP presale data together, the seemingly open decentralized presale has a more centralized tendency at the data level. The low-cost creation of new wallets, the pre-market long-short game on Hyperliquid, the problems with the final participation channels of CEXs... All of these make the PUMP presale seem more like an elite game and arrangement, rather than a community-driven opportunity. At the same time, this is not the first time we have seen FOMO and criticism surrounding a certain token amplified on social media. Retail investors are always chasing the phantom of the "next 100x coin," but often find themselves to be marginal participants in the face of data. And as we continue to wait and see in "dejection," the market will become increasingly dependent on the capital flows of a few. Standing at this point in time of Bitcoin's new high, edge walkers still feel that it is too cold at the top. Original link https://www.techflowpost.com/article/detail_26981.html [Deep Tide TechFlow]

$500 million sold out in 12 minutes. Is PUMP's new offering just a game for institutions and whales?

According to @Adam_Tehc's Dune panel data, the number of wallet addresses participating in the Pump.fun official website presale and completing KYC is 23,959, the number of wallet addresses that successfully purchased is 10,145, and the average subscription amount is $44,209. 89.7% of the PUMP token presale was completed through the official website, and the total amount sold by various CEXs accounted for only 10.3%. Among the official website presales, there were 202 addresses with subscription amounts of $1,000,000, 138 with $500,000 to $1,000,000, 445 with $100,000 to $500,000, and 1,030 with $10,000 to $100,000. The largest number of users subscribed for less than $1,000, with 5,758. [ChainCatcher]

Approximately 10,000 wallets successfully purchased in the PUMP presale, with a participation rate of approximately 42.3%.

On July 13 (UTC+8), according to @Adam_Tehc's data panel, a total of 23,959 wallets completed KYC in the PUMP token presale, and 10,145 wallets successfully bought in, with a participation rate of 42.3%; the average purchase amount was $44,209, with 5,758 wallets participating with amounts less than $1,000, and 202 addresses reaching the hard cap limit of $1.00 million per wallet. The ratio of website presales to CEX presales was 89.7% and 10.3%, respectively. (Source: PANews) [MetaEra]

On July 13th, according to Dune Panel data from @Adam_Tehc, the number of wallet addresses participating in the Pump.fun official website presale and completing KYC is 23,959, with the number of wallets successfully purchasing being 10,145, and an average purchase amount of $44,209.00. 89.7% of the PUMP token presale was completed through the official website, with only 10.3% of the total sales amount through various CEXs. In the official website presale, there were 202 addresses with purchase amounts of $1 million, 138 addresses with $500,000 to $1 million, 445 addresses with $100,000 to $500,000, and 1,030 addresses with $10,000 to $100,000. The majority of users with purchase amounts of $1,000 or less were 5,758. [BlockBeats]

89.7% of the PUMP token presale was completed via the official website, with a total subscription amount of $1 million spread across 202 addresses.

On July 13, according to @Adam_Tehc's Dune panel data, the number of wallet addresses participating in the Pump.fun official website pre-sale and completing KYC is 23,959, the number of wallet addresses that successfully purchased is 10,145, and the average subscription amount is $44,209. 89.7% of the PUMP token pre-sale was completed through the official website, and the total sales of each CEX accounted for only 10.3%. In the official website pre-sale, the number of addresses with subscription amounts of $1,000,000 was 202, $500,000 to $1,000,000 was 138, $100,000 to $500,000 was 445, and $10,000 to $100,000 was 1,030. The number of users with subscription amounts below $1,000 was the largest, at 5,758. [BlockBeats]

89.7% of the PUMP token presale was completed through the official website, with a subscription amount of $1.00 million from 202 addresses.

On July 13, according to @Adam_Tehc's Dune panel data, the number of wallet addresses participating in the Pump.fun official website pre-sale and completing KYC is 23,959, the number of wallet addresses that successfully purchased is 10,145, and the average subscription amount is $44,209. 89.7% of the PUMP token pre-sale was completed through the official website, and the total sales of each CEX accounted for only 10.3%. Among the official website pre-sales, the number of addresses with subscription amounts of $1.000 million reached 202, $500,000 to $1.000 million was 138, $100,000 to $500,000 was 445, and $10,000 to $100,000 was 1,030. The most users had subscription amounts below $1,000, with 5,758. [BlockBeats]

89.7% of the PUMP token presale was completed through the official website, with a subscription amount of $1.00 million from 202 addresses

According to data from @Adam_Tehc's data panel, a total of 23,959 wallets completed KYC during the PUMP token pre-sale phase, but only 10,145 wallets successfully purchased the tokens, with an average purchase amount of $44,209. Of these, 5,758 wallets participated with amounts less than $1,000, while 583 wallets participated with amounts exceeding $100,000, with 202 addresses reaching the hard cap limit of $1.00 million per wallet. [Odaily Planet Daily]

Only 10,000 wallets successfully purchased in the PUMP pre-sale, with over 200 addresses hitting the million-dollar hard cap.

According to data from @Adam_Tehc's data panel, a total of 23,959 wallets completed KYC during the PUMP token pre-sale phase, but only 10,145 wallets successfully purchased, with an average purchase amount of $44,209. Of these, 5,758 wallets participated with less than $1,000, while 583 wallets participated with more than $100,000, with 202 addresses reaching the hard cap limit of $1.000 million per wallet. [Foresight News]

Only 10,000 wallets successfully purchased in the PUMP presale, with over 200 addresses hitting the million-dollar hard cap.

According to @Adam_Tehc's data panel, a total of 23,959 wallets completed KYC in the PUMP token official website pre-sale, but only 10,145 wallets successfully purchased, with an average purchase size of $44,209; 5,758 wallets participated in the PUMP pre-sale with an amount of less than $1,000, but 583 wallets participated with more than $100,000, of which 202 wallets hit the single-wallet hard cap amount of $1,000,000. [Wu Shuo]

PUMP presale: Only 10,000 wallets successfully purchased, over 200 addresses hit the million hard cap

根据@defioasis的数据，在官方预售期间，共有10,145名PUMP买家投入了4.49亿美元。在开盘之后，10,145名买家中有6,042人（59.6%）已将PUMP卖出或转移到中心化交易所（CEX）或其他钱包，3,791人（37.4%）仍在持有，312人（3%）则增持了PUMP。 [Wu Shuo]

60%的PUMP预售买家已经出售或转移了他们的持仓，只有3%的人选择增加他们的持仓。

根據@defioasis的數據，在官方預售期間，共有10,145名PUMP買家投入了4.49億美元。在開盤之後，10,145名買家中有6,042人（59.6%）已將PUMP賣出或轉移到中心化交易所（CEX）或其他錢包，3,791人（37.4%）仍在持有，312人（3%）則增持了PUMP。 [Wu Shuo]