An institution transferred all 3.75 billion PUMPs to Coinbase Prime, losing $700,000
2025/07/24 08:39
PANews reported on July 24 that according to on-chain analyst Yu Jin’s monitoring, after pump.fun Lianchuang said there would be no airdrops in the near future, the price of PUMP fell from $0.0039 to $0.0031. Just one and a half hours before the drop, an institution transferred all 3.75 billion PUMPs (worth $14.3 million) to Coinbase Prime for a loss. The institution had previously used 15 million USDC to obtain these PUMPs at a price of $0.004 in a private placement. This operation caused the institution to lose $700,000 on PUMP (the current value of the 15 million USDC investment has shrunk to $14.3 million).
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Tornado Cash founder Roman Storm case prosecution adjourns, defense begins witness testimony
PANews reported on July 25 that according to Crypto In America , the criminal trial of Tornado Cash founder Roman Storm was adjourned on Thursday after eight days of witness
Share
PANews2025/07/25 20:54
Listed company Mega Matrix completes $16 million in private equity financing and officially enters the stablecoin field
PANews reported on July 25 that according to PR Newswire , Mega Matrix Inc. ( NYSE American: MPU ) announced that it has completed a private placement of US$16 million,
Share
PANews2025/07/25 21:27
Arizona woman sentenced for helping North Korea coders get US crypto jobs
An Arizona woman was sentenced to eight and a half years for aiding North Korean hackers in infiltrating over 300 US crypto and tech firms, generating $17 million of illicit
Share
PANews2025/07/25 18:10