The Pump.fun project's associated address has deposited 2 billion PUMP to Binance, valued at 12.75 million dollars.

BlockBeats news, on July 20, according to on-chain analyst Ai Yi (@ai_9684xtpa), the Pump.fun project's associated address has deposited 2 billion PUMP to Binance. The address '58WQi...gv33E' previously received 12.5 million PUMP from the project party, of which 25 billion are suspected to be used for Wintermute market making, 8 billion deposited into Bybit, and another 2 billion deposited into Binance, valued at 12.75 million dollars.

It is worth noting that Binance currently supports PUMP only on Alpha and contracts. According to analyst Ai Yi, this recharge behavior may correspond to the following possibilities:

PUMP will soon have an airdrop or other activities on Alpha;

PUMP will soon be listed on Binance's main spot market;

This operation is solely for obfuscation.