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PUMP Private Placement Whale Sells Over Half Its Position, Suffers $10.3M Loss

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PUMP
$0.001709-2.17%
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Whale activity on the PUMP token has attracted attention as a major investor, 'GpCfmw', sold over half of his position after holding it for eight months. The whale initially spent $19 million to purchase 4.75 billion PUMP tokens. Over the past five days, he sold 2.66 billion tokens for $516,000, incurring a $10.3 million loss. Whale activity shows he still holds 2.09 billion tokens valued at $355,000.

BlockBeats news, on February 25, according to Lookonchain monitoring, after holding for eight months, the PUMP private sale whale "GpCfmw" ultimately gave up and sold at a loss. He initially invested $19 million in the private sale to purchase 47.5 billion PUMP tokens. Over the past five days, he sold 2.66 billion PUMP tokens ($5.16 million) and currently holds 2.09 billion PUMP tokens ($3.55 million).


His total loss was approximately $10.3 million.

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