The five large addresses participating in the PUMP public sale with a total investment limit of 1 million USD have liquidated Tokens worth over 4 million USD at the Kraken exchange.
These addresses previously held 1.25 billion PUMP Tokens, but after the price peak, the value dropped by 72%, resulting in the loss of a potential profit opportunity of over 10 million USD.
MAIN CONTENT
The five addresses participating in the PUMP public sale have liquidated Tokens at Kraken.
The total number of Tokens sold is 1.25 billion PUMP, equivalent to about 4.06 million USD currently.
The Token price has dropped 72% from its peak, resulting in the loss of a potential profit opportunity of over 10 million USD.
Who are the five large addresses participating in the PUMP public sale and how have they liquidated?
Based on recorded data, these five addresses previously invested a maximum of 1 million USD each in the PUMP Token public sale. They accumulated a total of 1.25 billion Tokens before deciding to liquidate this amount of Tokens at Kraken.
The liquidity event occurred 4 hours ago, indicating that these individuals or organizations chose to execute transactions directly on a large exchange, demonstrating the scale and importance of trading in the cryptocurrency market.
How has the value of the PUMP Token fluctuated after the highest price peak?
The PUMP Token once reached a peak price that generated an estimated value of over 14 million USD for the amount of Tokens held. However, currently, the actual value of 1.25 billion Tokens has decreased to about 4.06 million USD, which is a drop of up to 72% from the peak.
This price drop directly impacts the potential profits of these professional investors, causing them to miss out on a profit of about 10.866 million USD. This is a classic lesson about the risks of investing in unstable cryptocurrencies.
The liquidity of the PUMP Token from these addresses is a clear testament to the strong volatility in the cryptocurrency market and the potential risks that investors face.
Cryptocurrency expert Nguyen Thanh Binh, 2024
What is the impact of whale liquidity on the PUMP market?
The transfer of a large amount of PUMP Tokens from whales to exchanges can create significant selling pressure, causing the Token price to drop sharply, as seen with the 72% decline since the peak.
This phenomenon not only affects prices but also causes retail investors to become confused due to large fluctuations. Understanding whale behavior helps improve investment strategies and risk management more effectively in the cryptocurrency market.
The role of large exchanges in the liquidity of whale Tokens?
Kraken is the destination for large transactions from PUMP Token whales, showing the essential role of high liquidity exchanges, facilitating the rapid and transparent movement of large funds.
The presence of whales on Kraken also reflects organized liquidity strategies, significantly affecting price volatility in the global market.
Frequently asked questions
How much did these five addresses invest in the PUMP Token?
What happened when they liquidated the Tokens?
The addresses have transferred 1.25 billion PUMP Tokens to the Kraken exchange, creating selling pressure and reducing the Token price by 72% from its peak.
What is the current value of the PUMP Token?
Currently, 1.25 billion PUMP Tokens are worth approximately 4.06 million USD.
How does whale liquidity affect retail investors?
Large price volatility due to whale liquidity can create risks and panic among retail investors.
Is this a good or bad signal for the PUMP Token?
Large liquidity can be a sign that selling pressure is increasing, posing a risk of further price declines.
Source: https://tintucbitcoin.com/nam-nha-dau-tu-pump-bo-lo-loi-nhuan/
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