PANews reported on July 24 that according to on-chain analyst Yu Jin’s monitoring, after pump.fun Lianchuang said there would be no airdrops in the near future, the price of PUMPPANews reported on July 24 that according to on-chain analyst Yu Jin’s monitoring, after pump.fun Lianchuang said there would be no airdrops in the near future, the price of PUMP
An institution transferred all 3.75 billion PUMPs to Coinbase Prime, losing $700,000
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PANews reported on July 24 that according to on-chain analyst Yu Jin’s monitoring, after pump.fun Lianchuang said there would be no airdrops in the near future, the price of PUMP fell from $0.0039 to $0.0031. Just one and a half hours before the drop, an institution transferred all 3.75 billion PUMPs (worth $14.3 million) to Coinbase Prime for a loss. The institution had previously used 15 million USDC to obtain these PUMPs at a price of $0.004 in a private placement. This operation caused the institution to lose $700,000 on PUMP (the current value of the 15 million USDC investment has shrunk to $14.3 million).
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