Oh, the tales of the mighty whales, lords of the blockchain seas! Two of these leviathans, investors of the sacred $PUMP token, have recently decided to lighten their treasure chests. 🏴☠️
EmberCN, our trusty lookout, spotted these mighty creatures in action. Last week, they sold a whopping 25.5 billion PUMP tokens, raking in a tidy sum of $39.65 million. Not bad for a week’s work, eh? 🎉
The first whale, a true titan among investors, moved 13 billion PUMP tokens to FalconX and various centralized exchanges. At an average price of $0.0055, this move netted them a cool $19.5 million. 🎩💰
The second whale, no less impressive, sold its entire 12.5 billion PUMP stash. These tokens fetched an average price of $0.0056 each, adding another $20.15 million to their treasure trove. 🌟💰
Both of these whales were part of Pump.fun’s institutional private round. One invested 100 million USDC for 25 billion tokens, while the other put up 50 million USDC for 12.5 billion PUMP. 💸
With no lock-up period, these early backers could cash out whenever they pleased. And they did, just as trading volumes surged. The timing was perfect, but alas, Pump’s fortunes have taken a dip. 😢
Pump trades at $0.0043 at the time of writing, down 3.6% over the past 24 hours. Despite being a significant meme coin launch on Solana, Pump.fun’s PUMP token faces scrutiny for its design and fundamentals. 🕵️♂️
The platform’s public sale valued the token at $4 billion, but a BitMart Research report warns of its long-term viability. Critics argue that the token lacks real utility and plays no functional role within the ecosystem. 😕
And then there’s the competition. Launchpads like LetsBONK.fun are gaining ground, offering tokenomics that reward holders through buybacks and liquidity boosts. PUMP’s design seems to be missing out on these features. 🙄
As altcoin liquidity tightens, the risk of further volatility looms. If more whales decide to cash out, it could pressure retail sentiment in the short term. 🤔
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2025-07-21 17:46