Three wallets linked to the Pump.fun team or early investors transferred 1.458 billion PUMP tokens, worth approximately $7.58 million, to Coinbase Prime on October 13, according to on-chain analyst EmberCN. The deposits correspond to October's scheduled token release rather than an unplanned transfer.

PUMP is the token issued by Pump.fun, a Solana-based memecoin launchpad. The token's contract address on Solana is pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn.

Monthly Release, Not a New Allocation

EmberCN identified three Solana addresses behind the transfers. According to the analyst, the wallets share a 70 billion PUMP allocation that began unlocking in July 2026, meaning the latest deposits represent this month's scheduled release rather than an additional, unexpected allocation. Measured against that shared allocation, the 1.458 billion tokens deposited equal roughly 2% per month, in line with installments spread across a multi-year vesting term. The analyst's post noted that the transfers occurred roughly five hours earlier.

3 个 Pump .fun 团队或早期投资者钱包在 5 小时前把 14.58 亿枚 solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn ($758 万) 转进了 Coinbase Prime。 这 3 个钱包拥有 700 亿枚 PUMP 分配，这些 PUMP 从 7 月份开始解锁。今天转进 Coinbase Prime 的这 14.58 亿枚 PUMP 就是他们本月解锁的数量。… pic.twitter.com/BFECGv5VKH

— 余烬 (@EmberCN) October 13, 2026, via X

The analyst did not publicly identify a completed sale or disclose future trading plans. Coinbase Prime provides institutional custody and trading services. Separately, U.S. government Bitcoin transfers to Coinbase Prime drew attention on October 7, though those transfers also did not confirm a sale.

Vesting Schedule Extends Through 2029

Pump.fun launched PUMP in July 2025 with a maximum supply of one trillion tokens. The distribution reserves 20% for the team and 13% for existing investors, with both allocations subject to a 12-month lockup before later releases, according to Tokenomics.com. Lockup-then-vesting structures of this kind are common in token launches, releasing team investor allocations in scheduled installments rather than all at once.

That tracker lists an initial release following the lockup, followed by 36 months of vesting. Platforms calculate unlock totals differently. July's first major release affected numerous team and investor wallets, and future distributions are scheduled to continue through 2029, introducing additional tokens into circulation. Each monthly unlock therefore marks a scheduled point at which newly available team and investor tokens can move.

Coinbase Prime Deposit Does Not Confirm Sale

Coinbase Prime serves institutional customers rather than retail traders alone. Deposits to the platform therefore do not confirm immediate selling, as institutional clients also use it for custody. Coinbase also described expanded institutional trading access in an October 7 update, detailing services that include derivatives alongside custody and execution. The PUMP transfers, however, cannot establish the recipients' intentions.

Transfers to trading platforms can precede selling, storage, or movement between accounts. No public transaction record cited by EmberCN proves that the deposits resulted in market sales, and the 1.458 billion tokens represent only part of the broader team and investor release schedule.

PUMP Price Falls as Buybacks Continue

The latest transfers attracted market attention as PUMP traded near $0.005 on October 13, down roughly 12% to 14% over 24 hours. Bybit placed the token's market capitalization near $2.35 billion during the period, meaning the $7.58 million deposit amounts to roughly 0.3% of the token's market value. Other meme coins also weakened, with recent Dogecoin spot outflows among the notable moves in the sector.

Pump.fun continues to buy and burn PUMP using platform revenue. Its official dashboard recorded 204.5 million tokens burned on October 12, using approximately $1.14 million in the process. In token terms, that day's burn represents roughly one-seventh of the 1.458 billion tokens unlocked for October.