Pump Fun to release $127M of insider tokens worth double PUMP’s recent daily volume
Pump.fun’s PUMP token faces a major unlock on July 12: about $127 million, or 29.23% of circulating supply, is scheduled to vest to team and early investors. That block is large relative to recent daily trading volume, which was roughly $64 million–$70 million, making the event a real liquidity test. Tokenomist says about 40.3% of the 1 trillion supply is already unlocked, with the rest released through cliff vesting into 2029. The key issue is sell-through: unlocked tokens may be held, but if insiders sell into thinner bids, price pressure could follow. Pump.fun has strong platform revenue and past buybacks, which could absorb some supply, but only if demand scales enough. The unlock matters because it shifts PUMP from primary-sale demand to secondary-market absorption, where confidence, depth, and buyback support will be tested.
