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Launch
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In just two weeks, $pump has completely turned away from the FOMO atmosphere of unrealized gains from the ICO and headed towards a downward spiral.
The faith of the ICO participants, sometimes present and sometimes absent, drives the selling pressure as prices continue to fall.
Maji brother has nearly 10 million USD in unrealized gains on the long position opened on Hype.
The market cap of pumpfun is very large, and there are many whales involved, but it has now turned into a whale graveyard.