Data: An institution exits after incurring losses following a PUMP private placement, with losses reaching $700,000
According to ChainCatcher, crypto analyst Ember (@EmberCN) has monitored that after the co-founder of @pumpdotfun stated there would be no airdrop in the near future, the price of PUMP dropped from $0.0039 to $0.0031.
About an hour and a half before the decline, an institution that had privately invested 15 million USDC to acquire 3.75 billion PUMP transferred all of its PUMP (then worth $14.3 million) to an exchange, incurring an unrealized loss of approximately $700,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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