The PUMP project transferred over 20 billion Tokens to exchanges within 2 hours, focusing on Gate, Bybit, and Kraken.
The move to enhance Token derivatives across multiple exchanges indicates increased trading activity and potential preparation for market volatility. The origins of the receiving wallets are still being verified, but they are likely associated with the exchange.
MAIN CONTENT
The PUMP project transferred a total of 20.15 billion Tokens to exchanges in 2 hours.
Gate received 6.41 billion Tokens, including 2.5 billion from Launchpad.
Bybit and Kraken received 5 billion and 7.5 billion Tokens, respectively.
How many Tokens has the PUMP project transferred to exchanges recently?
The PUMP project has moved a total of 20.15 billion Tokens to various exchanges in just 2 hours, according to On-chain expert @ai_9684xtpa (July 2024).
This action is considered an important preparation step for increasing liquidity or large transactions on centralized platforms.
Which exchanges did PUMP's Tokens go to and what are the specific amounts?
Gate received 6.41 billion Tokens, which includes 2.5 billion Tokens allocated from Launchpad. Bybit received 5 billion Tokens; while 'suspected Kraken' recorded 7.5 billion Tokens in the same timeframe.
These are figures recorded from wallets transferring Tokens that have a direct connection to major exchanges, indicating high trading pressure in the cryptocurrency market during this time.
What does the large transfer of Tokens to exchanges mean?
This action usually indicates that whales or projects are preparing to increase liquidity, possibly to execute large transactions or expand their presence on the exchange.
The widespread distribution of Tokens across trading platforms reflects a strategy to expand the network and prepare for upcoming market fluctuations.
— Nguyen Van Quang, CEO of Cryptocurrency Analysis Company, July 2024
How are the owners of the final receiving wallets identified?
Currently, the owners of the last 2 wallets receiving 1.25 billion and 7.5 billion Tokens have not been officially disclosed; however, most experts believe these wallets belong to exchanges due to large and continuous Token transfers.
This information is still being monitored to ensure transaction transparency in the cryptocurrency ecosystem.
Distribution table of PUMP Tokens to exchange addresses
Exchange / Address Number of Tokens (billion) Notes Gate 6.41 Including 2.5 billion from Launchpad Bybit 5 – Kraken (suspected) 7.5 Not officially confirmed Wallet 2XQbX…iNrPm 1.25 Likely an exchange wallet
Frequently Asked Questions
How long has the PUMP project been transferring Tokens?
PUMP has transferred over 20 billion Tokens to exchanges within 2 hours, according to the latest On-chain data.Which exchanges are the Tokens sent to?
Gate, Bybit, and possibly Kraken are currently the major recipients of PUMP Tokens.What is the impact of large Token transfers to exchanges?
This often signals increased liquidity and may create trading waves in the market.How to know if the receiving addresses belong to exchanges?
Based on the analysis of trading activity and the matching of addresses with exchange wallets provided by On-chain experts.Why is it necessary to monitor this Token transfer?
This is an important sign for investors to forecast volatility and adjust trading strategies in a timely manner.
Source: https://tintucbitcoin.com/pump-chuyen-2015-ty-token-len-san/
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