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PUMP token fell sharply due to speculation about the possible publication of a major investigation into cryptocurrencies. This drop came after a public statement from blockchain researcher Zack XPT, where he warned of an upcoming report targeting a “profitable company”.
This announcement caused a rapid change in investor sentiment as major PUMP holders began to unload their holdings.
Zack XPT investigates the cryptocurrency business
On Monday, Zack XPT posted on the X platform that a major investigation would be released soon. The post did not say who it was intended for, adding to widespread speculation. Since then, traders have been discussing potential candidates on social media platforms.
Betting activity in Polymarket recorded an increase with participants trying to predict the target name.
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Speculation points to these companies
Polymarket data indicates that more than $4.6 million has been wagered on potential targets at the time of writing. Metaura leads the market, with more than 48% of bettors waiting for it to be revealed. While 13.1% point to Axiom, while 11% suggest that MixC may be the interested party.
Only 10% of participants believe that Bump.Fun will be called. However, initially speculation focused largely on Bump.Fun. This perception seemed to influence the behavior of PUMP holders in the short term. Changes in sentiment often lead to price fluctuations in speculative altcoins.
The main owners act quickly
Nansen data indicates that smart wallets reduce… His exposure to PUMP. Over the last 24 hours, their combined assets have fallen by 35% to 706.5 million PUMPs. This activity indicates that experienced traders manage risk in the midst of uncertainty.
Note that larger Meteora token holders show less anxiety. Large addresses holding more than $1 million in MET coins increased their balances by 22.49% during the same period. This process reflects confidence among major investors despite negative speculation.
Where is the price of PUMP?
The price of Meteora (MET) is down 14.8% in the last 24 hours, trading at $0.170 at the time of writing. The coin lost the support level of $0.176, as confirmed by the Chaikin Money Flow Index, which fell below zero. This movement reflects strong capital flows despite the accumulation of whales.
Register the PUMP token for the pump.fun platform decrease of 9.5%.It was trading at $0.001764 at the time of writing. The Money Flow Index has fallen below the neutral threshold, indicating increasing selling pressure. If the negative momentum continues, the price of PUMP may fall towards the support area at $0.00156.
The general weakness of the cryptocurrency market adds more pressure on speculative assets. Risk aversion often increases during uncertain events. Price fluctuations may continue until February 26, when speculation is expected to settle. Until the image becomes clear, stay tuned PUMP coin vulnerable to further downward fluctuations.
