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Institution Suffers $700,000 Loss After Participating in Private Placement and Transferring PUMP to CEX
Summary: According to crypto analyst @EmberCN, following news that there would be no airdrop, the price of PUMP dropped from $0.0039 to $0.0031. Approximately an hour and a half before the drop, an institution that had privately placed 15 million USDC for 3.75 billion PUMP transferred all PUMP (valued at $14.3 million at the time) to ...
According to crypto analyst @EmberCN, following news that there would be no airdrop, the price of PUMP dropped from $0.0039 to $0.0031. Approximately an hour and a half before the drop, an institution that had privately placed 15 million USDC for 3.75 billion PUMP transferred all PUMP (valued at $14.3 million at the time) to Coinbase Prime, resulting in a loss of around $700,000.
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Link: Institution Suffers $700,000 Loss After Participating in Private Placement and Transferring PUMP to CEX [Copy]
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Link: Institution Suffers $700,000 Loss After Participating in Private Placement and Transferring PUMP to CEX [Copy]
