In the wild world of meme tokens, few stories capture the rollercoaster ride quite like Threadguy's ongoing saga with PUMP, the native token of the popular Solana-based launchpad pump.fun. If you're new to this, pump.fun is a platform where anyone can create and launch meme coins easily, often leading to viral pumps and dumps. PUMP itself is the utility token tied to the ecosystem, benefiting from fees and buybacks. Threadguy, a well-known crypto streamer and builder behind Counterparty TV, has been publicly documenting his position in PUMP since mid-September 2025, giving us a front-row seat to the highs, lows, and ultimate panic sell amid one of the biggest market crashes in crypto history.

The Bullish Beginnings

It all kicked off on September 18, 2025, when Threadguy posted about Solana (SOL) hitting its highest daily close since January. He was optimistic, declaring "uppie we go" alongside a chart showing SOL's upward momentum. At the time, SOL was gaining traction, and meme tokens on its blockchain were buzzing.

A day later, he quoted a clip of himself explaining why he sold 35% of his PUMP bag. Back then, PUMP had shifted from being a hated coin to a consensus favorite on Crypto Twitter (CT). He held onto 65% in spot positions, betting on more upside. By September 20, he was still positive, noting the chart "looks pretty good" and urging a rebound.

Holding Through the Choppiness

As days turned into weeks, Threadguy's updates reflected the market's volatility. On September 24, he advised followers to "close your eyes and do not look" as prices dipped. By September 26, he admitted to holding about 60% of his original bag, up 2x from his highest buys, but frustrated for not selling more during euphoria. He shared a key lesson: "Timeline sentiment affects trading psychology and decision making. Avoid it at all costs and do not make decisions based off top blasters that weren’t in the trade when you bought."

He remained confident, planning to "land the ship" even if it meant adjusting his time horizon. Then came the repetitive "any news?" posts on September 28, October 1, and October 3, each accompanied by PUMP price charts showing consolidation. These updates kept his audience engaged, blending humor with real-time analysis.

The Historic Crash and Panic Exit

Fast forward to October 11, and the tone shifted dramatically. Threadguy announced he was "fully out of pump," having sold near the bottom wick in a moment of panic. This came right after the catastrophic market event on October 10, 2025, where President Trump's surprise announcement of 100% tariffs on China triggered a flash crash across crypto markets. Bitcoin dipped below $110,000, and the total liquidations hit a staggering $19.16 billion—nearly 20 times larger than the COVID crash in March 2020 and bigger than the FTX collapse.

PUMP wasn't spared; it wicked down 95% to $0.0004, wiping out leveraged longs across exchanges like Hyperliquid. Threadguy admitted to being "irresponsible" with his position size, especially with taxes due soon. What could have been a seven-figure win turned into a profitable but underwhelming exit. He described the day as "probably the worst day I've ever seen on this app," echoing sentiments from the May 2021 crash.

Despite the setback, he emphasized resilience: "You live to fight another day. The sun still rises, the market still trades and there will always be another opportunity." He even referenced past losses, like with GOAT in 2024, to remind followers that recovery is possible.

Community Response and Lessons Learned

The thread drew replies, including one from @modernblade_ praising Threadguy's stream as "the best piece of content regarding crypto I've consumed." It's a testament to how influencers like him build communities through transparency. For meme token enthusiasts, this saga highlights key risks: over-leveraging, emotional trading, and external shocks like geopolitical news.

Pump.fun itself has been under scrutiny, with cumulative PUMP buybacks reaching $130 million by early October, yet the token faced criticism after the crash. While some see this as a buying opportunity, others warn of the platform's high failure rate for launched coins—around 95%.

If you're trading meme tokens like PUMP, remember: they're speculative and volatile. Always manage risk, avoid FOMO (fear of missing out), and consider spot positions over leverage. Threadguy's story is a raw look at crypto trading—euphoric wins can turn to panic sells in an instant, but the game goes on.

For more on the October 10 crash, check out coverage from TheStreet or dive into real-time discussions on X. Stay tuned to Meme Insider for updates on Solana memecoins and beyond.