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An anonymous whale address sold 1.264 billion PUMP in a single on-chain transaction about seven hours ago, according to on-chain analyst EmberCN. The sale was worth about $5.483 million, with an average selling price of about $0.0043.
EmberCN said the tokens could have been sold for around $5.78 million if the sale had been split into multiple transactions, but executing it all at once caused about 5% slippage and led to an estimated $300,000 loss. EmberCN added the trade may have weighed on PUMP’s price decline today. According to CoinMarketCap, PUMP was trading at $0.004253, down 15.66% over the past 24 hours.