One investor has placed an additional 4 billion PUMP units in FalconX, valued at $17.67 million.
This investor had previously spent 100 million USDC in a private placement to purchase 25 billion, at an average price of $0.004.
I believe this operation resembles a gradual withdrawal of funds. In the past five days, 13 billion has been dissipated.
The floating profits are not insignificant, but the market is volatile.
With the clarification of WLFI, the memecoin frenzy wave may have ended.
In other words, the long leveraged buy orders for PUMP and LAUNCHCOIN lost $3.77 million. Whales are playing with fire and burning themselves.
Do not expect a short-term recovery.
The short pressure on ETH is more severe. Retail investors should not chase the highs, monitor BTC's breakout at the 118,000 level, and wait for things to calm down before moving.
#GENIUSAct #CryptoMarket4T #AltcoinBreakout #ETHBreakout3.5k #BTC120kVs125kToday
