Over 85% of wallets that bought into the $PUMP public sale have either sold or transferred out their tokens. 🔹 54.4% transferred their $PUMP elsewhere 🔹 32.8% directly sold on DEXs 🔹 10.2% are still holding 🔹 2.6% acquired more What does this mean? Heavy distribution: Most presale buyers viewed $PUMP as a quick flip. Heaviest selling is likely behind us: With over 85% of presale wallets already out, the remaining holders are in for the long game. Now fully in the hands of the market: Any new upside is less likely to be weighed down by early seller overhang. New holders = true believers: If $PUMP continues to grow, the next wave of holders are likely more price-sensitive and committed. Early selling isn’t bearish by default. With 85% of presale wallets already out, most weak hands are likely gone. That clears the path for stronger holders and sets the stage for cleaner accumulation and real price discovery. This is where conviction steps in. h/t @Adam_Tehc