According to the latest monitoring by the blockchain data analysis platform Lookonchain, the price of the PUMP token has fallen below its issuance price of $0.004 during private placement and public sale. Notably, the largest holding address of PUMP had invested 100 million USDC during the private placement phase to acquire approximately 25 billion PUMP tokens. Recently, this address transferred 17 billion PUMP to an exchange via the FalconX platform, equivalent to a market value of about $89.5 million. Currently, this address still holds about 8 billion PUMP, with a market value close to $29.6 million.

Meanwhile, the second largest holding address of PUMP has also been very active recently. Previously, this address spent about $50 million to acquire 12.5 billion PUMP tokens, and has now transferred all tokens to a trading platform, valued at approximately $71.37 million.

The frequent transfer activity of these two major whales has attracted significant market attention, possibly indicating increased liquidity of the PUMP token and potential selling pressure. Investors should closely monitor market dynamics and rationally assess risks. #pump