Jump Trading dumps 50,000 SOL! The address $SOL suffers a bloodbath from institutions after self-indulging in a pump
1. On-chain aspect!
1. A giant whale dumped 50,000 SOL early in the morning. At 10:47 Beijing time, an address marked as Jump Trading deposited 50,000 SOL to Binance, with on-chain fees burning 50 dollars. This operation clearly indicates a pre-announcement of an institutional-level dump!
2. A massive capital shift on exchanges. On-chain data shows that Binance had a net inflow of 32,000 SOL today, while Coinbase Pro saw a net outflow of 18,000.
3. A mysterious address hoarded 75,000 SOL. A new address starting with 9uyZ9j accumulated 75,000 SOL (worth 8.7 million USD) in three days. On-chain analysts discovered that this address has ties to Alameda's bankrupt assets, suggesting this operation is likely an institution taking advantage of the situation!
4. Gas fees skyrocketed by 200%, hiding secrets. The daily gas consumption on the SOL chain suddenly surged to 23,000 SOL, with 75% coming from MEV bots front-running transactions, indicating that the manipulators are using high-frequency trading to squeeze retail investors!
2. Technical aspect!
1. Volume tricks: Self-indulgent pump. During the pump, trading volume shrank to a toothpick (MA5 average volume 414.86, actual trading less than 180,000), but during the dump, the volume was secretly increased.
3. MACD death signal. Although the DIF line pretends to golden cross the DEA line, the MACD bars are still green and alarming. What does this indicate? The manipulators created a bull market dream for you while holding the keys to the dump!
3. Latest bombshell news, Solana ecosystem in turmoil: A certain DeFi project was just exposed for a contract vulnerability, with the locked amount plummeting by 35% in 2 hours, and SOL on-chain transfers surged by 200%, indicating the giant whale's clear dump.
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