PUMP Whale Eyes $1 Million Loss Exit—Is the Token’s Liquidity Drying Up?
The post PUMP Whale Eyes $1 Million Loss Exit—Is the Token’s Liquidity Drying Up? appeared on BitcoinEthereumNews.com. While the total crypto market cap is down by a modest 2% in the last 24 hours, meme coins are bearing the brunt, with whales already starting to capitulate. After soaring by double-digits on Tuesday, the PUMP token price remains an outlier, clinging to some gains but likely not enough to inspire whale confidence. Whale Eyes $1 Million Sell-Off Despite PUMP Price Rising 8% The meme coin market cap is down by nearly 7% in the last 24 hours, reflecting the broader market sentiment. Amidst the drop, Pump.fun token, PUMP, is bucking the trend, rising by nearly 8% in the same timeframe. Pump.fun (PUMP) Price Performance. Source: CoinGecko However, one whale, holding over one million PUMP tokens, may be at the cusp of exiting despite the public sale buying spree. According to blockchain analytics firm Lookonchain, the whale had spent $5 million to buy 1.25 million worth of PUMP meme coins during the public sale, spreading the portfolio across five wallets. During the early hours of the Wednesday session, this whale deposited their entire buy into the Kraken exchange, a move often associated with plans to sell. Notably, the prospective sell-off would mean a loss of nearly $1 million. Whale BfL4vh deposited 1.25B $PUMP($4.09M) into #Kraken 10 minutes ago. This whale spent 5M $USDC to buy 1.25B $PUMP in the public sale across 5 wallets. Selling now would result in a loss of nearly $1M.https://t.co/4YppkgR0qv pic.twitter.com/c2KEFxud6Q — Lookonchain (@lookonchain) August 6, 2025 Meanwhile, while this whale mulls an exit, another bought 1.06 billion PUMP tokens for $3.28 million on Tuesday. They also proceeded, opening a 3x long position on the meme coin. These plays reflect an existing divergence in whale sentiment. Some see upside potential in PUMP, while others are losing confidence and cutting losses. This suggests short-term exit liquidity…
The post PUMP Whale Eyes $1 Million Loss Exit—Is the Token’s Liquidity Drying Up? appeared on BitcoinEthereumNews.com.
While the total crypto market cap is down by a modest 2% in the last 24 hours, meme coins are bearing the brunt, with whales already starting to capitulate. After soaring by double-digits on Tuesday, the PUMP token price remains an outlier, clinging to some gains but likely not enough to inspire whale confidence. Whale Eyes $1 Million Sell-Off Despite PUMP Price Rising 8% The meme coin market cap is down by nearly 7% in the last 24 hours, reflecting the broader market sentiment. Amidst the drop, Pump.fun token, PUMP, is bucking the trend, rising by nearly 8% in the same timeframe. Pump.fun (PUMP) Price Performance. Source: CoinGecko However, one whale, holding over one million PUMP tokens, may be at the cusp of exiting despite the public sale buying spree. According to blockchain analytics firm Lookonchain, the whale had spent $5 million to buy 1.25 million worth of PUMP meme coins during the public sale, spreading the portfolio across five wallets. During the early hours of the Wednesday session, this whale deposited their entire buy into the Kraken exchange, a move often associated with plans to sell. Notably, the prospective sell-off would mean a loss of nearly $1 million. Whale BfL4vh deposited 1.25B $PUMP($4.09M) into #Kraken 10 minutes ago. This whale spent 5M $USDC to buy 1.25B $PUMP in the public sale across 5 wallets. Selling now would result in a loss of nearly $1M.https://t.co/4YppkgR0qv pic.twitter.com/c2KEFxud6Q — Lookonchain (@lookonchain) August 6, 2025 Meanwhile, while this whale mulls an exit, another bought 1.06 billion PUMP tokens for $3.28 million on Tuesday. They also proceeded, opening a 3x long position on the meme coin. These plays reflect an existing divergence in whale sentiment. Some see upside potential in PUMP, while others are losing confidence and cutting losses. This suggests short-term exit liquidity…
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