The crypto assets market has once again witnessed a large-scale capital flow. According to on-chain data, an address believed to be a major investment institution transferred its last 8 billion $PUMP tokens (worth approximately $20.11 million) to the FalconX platform in just 8 hours. This marks the institution's exit from its entire $PUMP private sale investment, totaling approximately $8.2 million in profit.



This institutional-level Address previously invested 100 million USDC to participate in the private sale round of the pump.fun project, acquiring 25 billion PUMP Tokens. It is worth noting that its purchase price is the same as the public sale price offered to regular investors, and there are no lock-up period restrictions.

Starting from the 16th of this month, this Address began to gradually transfer PUMP Tokens to FalconX. In the early hours of today, the last batch of transfers was completed, marking the complete liquidation of its holdings. It is estimated that the average selling price was approximately $0.0043.

The recent mass sell-off has drawn attention to the future trends of the PUMP Token in the market. Some analysts believe that such a large-scale sell-off could put pressure on the Token's short-term price. However, there are also opinions that the exit of large holders may create entry opportunities for new investors.

With the continuous development of the crypto assets market, the behavior of institutional investors is receiving increasing attention. This large-scale capital flow not only affects the price of individual Tokens but may also impact the overall market sentiment. Investors should closely monitor such trends and fully consider their potential impact when making investment decisions.

Nevertheless, the high volatility and uncertainty of the Crypto Assets market still exist. Investors should act cautiously when participating, conducting thorough risk assessments and asset allocations.
PUMP0.27%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
SelfRuggervip
· 07-29 01:21
play people for suckers again and again
View OriginalReply0
DataPickledFishvip
· 07-28 10:43
Another wave of suckers being played for suckers.
View OriginalReply0
ResearchChadButBrokevip
· 07-26 01:52
The buy the dip opportunity has arrived.
View OriginalReply0
DeFiDoctorvip
· 07-26 01:52
The examination records show significant symptoms of capital outflow, and it is recommended to monitor the changes in its Liquidity indicators.
View OriginalReply0
EntryPositionAnalystvip
· 07-26 01:43
Large Investors run faster than anyone else.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)