Monat: Juli 2025

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PUMP holders sell at a loss as Pump.fun founder confirms airdrop won’t happen soon

  • Two wallets dumped 1.25B PUMP coins within 2 hours, incurring $1.19M loss.
  • The move came after Pump.fun founder confirmed delays in the much-awaited airdrop.
  • The alt exhibits bearishness amidst community restlessness, down 4% in the past day.

Pump.fun’s meme token has failed to keep pace due to massive dumps from key investors.

PUMP has plummeted from its private sale price of $0.004 to $0.002202 amid overwhelming selling pressure since the July 12 public sale event.

The meme token’s sell-off continued today.

Lookonchain data shows two whale wallets, linked to early investors, dumped 1.25 billion PUMP coins within two hours.

The combined sale was worth approximately $3.81 billion and led to losses of over $1.19 million.

The participants offloaded at $0.00305 per token.

The continued sell-offs have stirred concerns among PUMP holders.

While enormous token sales from early investors are usual in the digital assets space, the timing and scale of Pump.fun’s sale, combined with disappointing updates about the much-awaited airdrop, magnified the bearish momentum.

Pump.fun founder confirms no immediate airdrop

While analysts speculated that delayed airdrop prompted the considerable token dumps, Pump.fun’s founder has cemented this fact.

The meme generator’s founder, Alon Cohen, addressed the airdrop concerns during an interview with Michael ThreadGuy Jerome on Wednesday.

Alon confirmed that the project will hold an airdrop.

However, he emphasized that the giveaway event will have to wait, as the current priority remains ecosystem development and long-term growth.

Alon clarified that Pump.fun targets a well-executed and meaningful giveaway that rewards the community instead of rushing to meet hype-fueled deadlines.

He said:

We want to make sure that it is a meaningful airdrop and it is executed well. We’re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future.

Alon added that they will communicate any details and timelines when it’s appropriate.

While the explanation may have made sense to some, others view it as a delay that signals internal uncertainty or fading momentum.

Private investors exit Pump.fun

Despite official confirmation, on-chain experts have identified addresses dumping PUMP as those that purchased during the early public sale period.

The most alarming thing is the participants are opting to exit at a loss.

That could only indicate two things: a lack of trust in PUMP’s short-term performance or strategic exits before a liquidity crunch.

PUMP price action

Pump.fun’s native token has lost nearly 4% in the past 24 hours to trade at $0.02202.

Technical indicators demonstrate downward pressure.

PUMP trades below the vital 50- and 100-Exponential Moving Averages on the 1D chart, confirming dominant sellers.

the 1D RSI at 55 suggests room for more PUMP dips before oversold situations emerge.

Also, 3HMACD displays a weakening momentum, failing to decisively surpass the signal line since the July 18 bearish crossover.

With technicals and fundamentals screaming bearish, Pump.fun’s native token remains poised for extended declines before securing a reliable footing.

The post PUMP holders sell at a loss as Pump.fun founder confirms airdrop won’t happen soon appeared first on CoinJournal.

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A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture

  • Tesla’s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2.
  • A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly.
  • Tesla has not bought or sold any Bitcoin for eight straight quarters, with its holdings unchanged at a cost basis of $184M.

Tesla’s significant Bitcoin holdings are now worth approximately $1.2 billion, thanks to a powerful 30% rally in the cryptocurrency’s price during the second quarter of this year.

This paper gain, highlighted by a recent change in US accounting rules, provides a bright spot in an otherwise challenging earnings report for the electric vehicle giant, which saw its core automotive revenue decline for a second straight quarter.

According to its latest earnings report, Tesla’s Bitcoin stash has benefited significantly from the crypto market’s recent strength. Bitcoin is currently trading at around $118,000, a substantial increase from its price of $83,000 on April 1.

Based on data from BitcoinTreasuries.Net, which lists Tesla as holding 11,509 BTC, the automaker is the tenth largest publicly traded company to hold the crypto asset on its balance sheet.

This gain is now more visible to investors due to a new rule approved by the Financial Accounting Standards Board (FASB). Effective from the first quarter of 2025, the rule allows companies to report the fair market value of their crypto holdings each quarter.

Previously, corporate holders like Tesla were required to report their crypto assets at the lowest value they reached during the holding period, a method that often failed to reflect market recoveries.

This meant that even if Bitcoin’s price rebounded, those gains would not be reflected on the balance sheet.

Now, Tesla’s Bitcoin gains can be recognized each quarter, providing shareholders with a much clearer view of the asset’s performance.

While its crypto holdings have appreciated, Tesla’s core business is facing significant headwinds.

The company reported second-quarter revenue of $22.5 billion, which, according to one set of figures in the source text, missed analyst estimates of $22.74 billion.

Adjusted earnings per share of $0.40 also reportedly fell below the expected $0.43.

A clear point of weakness was the company’s automotive revenue, which fell by 16% year-over-year, marking the second consecutive quarterly decline.

This follows a report from early July, in which Tesla had already disclosed a 14% drop in its Q2 vehicle deliveries, to 384,000 units.

The company’s stock performance reflects these struggles. Shares of TSLA are down roughly 18% this year, a stark underperformance compared to other big tech names and the broader Nasdaq Composite, which is up about 9% in 2025.

Adding to its challenges, Tesla has delayed its affordable “Model 2” EV, leaving the field open for its rivals.

Chinese EV makers, in particular, are aggressively pushing cheaper, tech-laden vehicles that are steadily eating into Tesla’s global market share.

The sound of silence: Tesla’s unchanged Bitcoin treasury

Despite the significant market value of its crypto holdings, Tesla did not mention Bitcoin once in its second-quarter 2025 financial filing.

This silence is not new. The company has not added to or sold any of its Bitcoin for eight consecutive quarters.

According to the 10-Q form filed with the SEC on July 23, the company’s digital asset holdings remain unchanged at a cost basis of $184 million, the same value it reported in the first quarter of 2024, with no impairment losses or gains noted this time either.

Tesla had initially made a bold move into the crypto space, purchasing $1.5 billion worth of Bitcoin in early 2021. Since then, however, it has sold off the majority of its holdings, with the last major sale occurring in the second quarter of 2022, when it offloaded roughly 75% of its BTC stash.

Despite the recent financial and political turbulence surrounding the company, Tesla appears to be holding firm on its current crypto position—for now.

But with mounting pressure from declining revenues and various reputational hits, investors will be watching closely for any future changes to the company’s digital asset strategy.

Following the earnings release, shares of TSLA were up a slight 0.71% in post-market trading, with the stock trading at $331.56.

The post A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture appeared first on CoinJournal.