ME News reports that on October 15 (UTC+8), according to on-chain analyst Yujin, PUMP fell 16% in the past 24 hours, with a specific address potentially contributing to today’s decline. Seven hours ago, this address sold 1.264 billion PUMP tokens in a single transaction, exchanging them for 5.483 million USDC at a price of $0.0043 per token. Due to the large single sale, the address incurred a 5% slippage; if split into multiple transactions, an estimated $5.78 million could have been received, but the single transaction yielded only $5.483 million—resulting in approximately $300,000 in lost revenue. (Source: ODAILY)
Large PUMP sell order of 1.264 billion tokens for 5.483 million USDC
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Summary
On October 15 (UTC+8), a large PUMP sell order of 1.264 billion tokens for 5.483M USDC moved the market. The transaction executed at $0.0043 per token, triggering a 16% price decline within 24 hours. The seller incurred 5% slippage, potentially losing $300,000. With such substantial trading volume, PUMP joins the list of altcoins to monitor amid sharp volatility.
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