🚨 Whale Alert:
$PUMP Custody Wallet Offloads $1.2M! 📉
The memecoin world is buzzing this morning after a major move from a wallet linked to Pumpfun! 🕵️♂️ On-chain data shows a significant "dump" that has caught everyone's attention.
Here are the fast facts:
The Move: A wallet associated with Pumpfun’s custody address just sold 543.23 Million PUMP tokens. 💸
The Payout: The tokens were swapped for $1.207 Million USDC in cold, hard cash. 💵
The "Treasure Chest": This sale is just the tip of the iceberg. This same wallet received a massive 3.75 Billion PUMP allocation about 7 months ago—a stash once valued at over $25.39 Million! 💎🏦
Current Status:
$PUMP is trading at approximately 0.002196, holding a slight gain of +0.36% for now. 📊
The Big Question: 🧐
When a project’s custodian starts moving billions of tokens into stablecoins, it naturally triggers "sell pressure" anxiety. Is this just a standard move to secure operating capital for the platform, or is it a warning sign that the team is starting to "exit" their positions? 🚩🤔
What's your take? Is this a smart treasury move or a red flag for holders? 🍿
Disclaimer: News for reference only, not investment advice. Do your own research!
#PUMP #Pumpfun #CryptoNews #WhaleAlert #MemecoinSeason $PUMP