PUMP tokens are distributed to wallets ahead of the official trading start

Pump.fun is preparing for its native PUMP token to start trading, after a series of sales through exchanges. On-chain data shows some of the PUMP have been airdropped to user wallets. 

Pump.fun is preparing for the trading launch of its new PUMP ticker starting July 15. In the meantime, the token has started appearing in Solana wallets, suggesting a wider airdrop may be coming. The PUMP presale ended in just 12 minutes on July 12, moving the project into the token distribution stage. 

Pump.fun opened the token sale for PUMP on multiple exchanges, starting with Gate.io and Bybit. After that, the tokens started appearing in the wallets of all whitelisted users that made a purchase. Pump.fun did not perform a free airdrop for using the ecosystem, but is now distributing the tokens to wallets. 

during the next 48-72 hours, all tokens purchased via https://t.co/xmKGNt3otZ or participating exchanges will be transferred to the participants.

the tokens will initially be untradable & untransferrable whilst the distribution phase is carried out.

once the distribution phase…

— pump.fun (@pumpdotfun) July 12, 2025

The airdrops followed an extended schedule, happening over 48-72 hours. Those included test airdrops of 10 PUMP and full allocations of 10M tokens. 

The wave of airdropped PUMP tokens may arrive at different times, with some users not having access to their tokens at the start of trading. During this period, there are multiple rumors of an additional airdrop to reward trading, including from fake accounts. Some of the airdrop announcements may spoof PUMP tokens. Copycat accounts of Pump.fun also boost the rumors for a large-scale airdrop.

Kraken may be the most active exchange, as it sold over $30M worth of PUMP during the presale event. 

User burns 10M PUMP airdrop by mistake

Soon after the airdrop, on-chain data shows a total of 10.5M PUMP were burned. The biggest single burn came from the wallet of a whale recipient, who destroyed 10M PUMP valued at around $75,000. 

Reportedly, the user launched a tool to burn airdropped tokens, hoping to clear spam assets. 

The wallet is now dusted with SOL for tracking. Based on previous activity, the wallet was an occasional meme token trader on Solana, interacting with other whale wallets. 

The account was later identified as @cryptocharming1, a Solana influencer and trader. The trader admitted he had been using the Axiom exchange tool to filter tokens, while not realizing the wallet received its PUMP allocation. 

⌠ Accidentally burned $75K worth of $PUMP ⌡

Some CT bros have been farming engagement and running scams with my wallet address, so here’s the real deal straight from me:

Wallet: 4X43DmYRtzLcyv2YRhC8vaTeqB5BTL6jX7LDtzfz47aC

I was just minding my business using @AxiomExchange… pic.twitter.com/HIt2lHyHS4

— CryptoCharming 🐟 (@CryptoCharming1) July 14, 2025

The user burned a minimal part of the PUMP supply, though the event added to the hype around the token launch. 

Whales flock to PUMP in expectation of official trading launch

PUMP is still getting its price from pre-market activity, including a Hyperliquid pair. PUMP currently recovered to $0.006, with highly volatile activity ahead of the official launch. 

The PUMP market is still relatively illiquid and is closely watched for manipulation. The fast token presale signaled excessive demand, and the current markets are setting up expectations for rapid gains soon after the official pairs are listed. 

Whale interest for PUMP has exploded on Hyperliquid. Previously, the exchange carried just five positions. After the presale, there are now 50 whales with a predominance of long positions, betting on a price rally in the initial hours of trading.

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