Someone made a lot of money from retail investors by exchanging their money for digital garbage, now it's clear why there were such fluctuations
律动BlockBeats
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An institution that spent 100 million USDC to participate in the PUMP private placement sold the last 8 billion PUMP early in the morning, with a total profit of 8.2 million USD.
BlockBeats news, on July 26, according to on-chain data analyst Yu Jin's monitoring, the largest PUMP institutional private placement address transferred the last 8 billion PUMP (approximately 20.11 million USD) to FalconX 8 hours ago, completing the full sale of his private placement PUMP, with a profit of 8.2 million USD.
It is reported that this address participated in the institutional round private placement of pump.fun with 100 million USDC, obtaining 25 billion PUMP (the price is the same as the public offering and is also not locked), making it the largest institutional private placement address. Since the 16th, this address has gradually transferred PUMP to FalconX, clearing out early this morning. The average transfer price was approximately 0.0043 USD, achieving a profit of 8.2 million USD.
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