🚀 PUMP.FUN TRANSFERS 2 BILLION PUMP TOKENS TO BINANCE, ATTRACTS ATTENTION FROM ANALYSTS
🟢 On July 20, Pump.fun transferred 2 billion PUMP tokens worth $12.75 million to the Binance exchange, raising questions about a mysterious liquidity strategy.
🟢 On-chain analysis shows that the wallet “58WQi…gv33E” – which previously transacted 125 billion tokens – plays a central role, with capital flows previously going to Wintermute and Bybit.
🟢 The project has not made an official statement. Anonymous leadership and lack of confirmation from KOLs like Arthur Hayes or CZ leave the community skeptical about the true motives.
🟢 This transaction bears signs of price coordination similar to strategies during the ICO boom. PUMP currently has a market capitalization of $1.54 billion but has decreased by 2.58% in the past 24 hours.