PUMP team, investor token unlock began about 5 hours ago

PUMP, the token of Solana-based meme coin issuance platform Pump.fun, began unlocking tokens allocated to the team and investors about five hours ago, on-chain analyst EmberCN said. On-chain data shows about 4.94 billion PUMP, worth roughly $13.6 million, has so far been distributed to 125 wallets. According to CoinMarketCap, PUMP was trading at $0.00278, down 3.64%.