An institution participated in the private placement and then sold PUMP to CEX, with a loss of $700,000

Odaily News According to the monitoring of crypto analyst Ember @EmberCN, after @pumpdotfun Lianchuang said there would be no airdrops in the near future, the price of PUMP fell from $0.0039 to $0.0031. About an hour and a half before the drop, an institution that privately sold 3.75 billion PUMPs with 15 million USDC transferred all PUMPs (worth $14.3 million at the time) to Coinbase Prime, with a floating loss of about $700,000.