Whales Dumps $6M in Fartcoin for PUMP Tokens
The post Whales Dumps $6M in Fartcoin for PUMP Tokens appeared on BitcoinEthereumNews.com. Whales have sold millions of dollars worth of Fartcoin to invest in PUMP instead. This shift shows a change in sentiment among these large investors and raises concerns about short-term price changes for both tokens. Whale Moves Millions Out of Fartcoin Into PUMP On-chain data shows two prominent Fartcoin whales liquidated a combined 4.75 million Fartcoin, valued at roughly $6.07 million, to acquire over 1.04 billion PUMP tokens within the last 24 hours. The first whale offloaded 2.75 million Fartcoin (worth $3.52 million) in exchange for 598.57 million PUMP. Despite the sell-off, this whale still retains around 800,000 Fartcoin tokens, currently valued at $1.02 million. Another large whale shifted 2 million Fartcoin (about $2.55 million) to buy 440.77 million PUMP, reflecting aggressive accumulation after PUMP’s full market debut. The whale migration comes right after Pump.fun reported runaway success with its PUMP token public sale. According to data, investors snapped up all available tokens, roughly 12.5% of the total supply, in under 12 minutes, raising an eye-popping $500 million. The team confirmed buyers would receive their tokens within 48–72 hours, initially non-transferable to prevent immediate dumping. Yet momentum carried forward, and within two days, PUMP appeared on major centralized exchanges, including Kraken, Bybit, KuCoin, and MEXC, opening the floodgates to broader trading. PUMP and Fartcoin Price Declines As Volatility Surges Despite a strong start, the PUMP price quickly cooled on open markets. According to CoinMarketCap data, after reaching an early high of $0.007514, the token declined by approximately 14% over 24 hours, settling at around $0.00575. Upon launch, the token saw a 30% drop, indicating a sell-off in the market. With Bitcoin retreating from recent peaks, this volatility mirrored the wider crypto decline. Meanwhile, Fartcoin price fell 8.7% and its daily trading volume fell 8%, indicating that whale exits may have reduced…
The post Whales Dumps $6M in Fartcoin for PUMP Tokens appeared on BitcoinEthereumNews.com.
Whales have sold millions of dollars worth of Fartcoin to invest in PUMP instead. This shift shows a change in sentiment among these large investors and raises concerns about short-term price changes for both tokens. Whale Moves Millions Out of Fartcoin Into PUMP On-chain data shows two prominent Fartcoin whales liquidated a combined 4.75 million Fartcoin, valued at roughly $6.07 million, to acquire over 1.04 billion PUMP tokens within the last 24 hours. The first whale offloaded 2.75 million Fartcoin (worth $3.52 million) in exchange for 598.57 million PUMP. Despite the sell-off, this whale still retains around 800,000 Fartcoin tokens, currently valued at $1.02 million. Another large whale shifted 2 million Fartcoin (about $2.55 million) to buy 440.77 million PUMP, reflecting aggressive accumulation after PUMP’s full market debut. The whale migration comes right after Pump.fun reported runaway success with its PUMP token public sale. According to data, investors snapped up all available tokens, roughly 12.5% of the total supply, in under 12 minutes, raising an eye-popping $500 million. The team confirmed buyers would receive their tokens within 48–72 hours, initially non-transferable to prevent immediate dumping. Yet momentum carried forward, and within two days, PUMP appeared on major centralized exchanges, including Kraken, Bybit, KuCoin, and MEXC, opening the floodgates to broader trading. PUMP and Fartcoin Price Declines As Volatility Surges Despite a strong start, the PUMP price quickly cooled on open markets. According to CoinMarketCap data, after reaching an early high of $0.007514, the token declined by approximately 14% over 24 hours, settling at around $0.00575. Upon launch, the token saw a 30% drop, indicating a sell-off in the market. With Bitcoin retreating from recent peaks, this volatility mirrored the wider crypto decline. Meanwhile, Fartcoin price fell 8.7% and its daily trading volume fell 8%, indicating that whale exits may have reduced…
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