Pump.fun just handed 121 insiders the keys to roughly 57.28 billion PUMP tokens. All at once, all on the same day, all hitting wallets that were locked for the past year.
The total haul is worth approximately $86.49 million at current prices. And now the entire crypto market is staring at those 121 addresses, waiting to see what happens next.
What actually unlocked
The token release marks the end of a one-year lockup period that began with Pump.fun’s token generation event in July 2025. These aren’t random wallets. They belong to team members and investors who got their allocations during the initial distribution and have been sitting on them, unable to touch a single token, for twelve months.
Now they can.
