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Opinion: $5 Billion Sold in 12 Minutes Shows That 「Shitcoins Are Not Dead, They Just Lack Narrative」

By: theblockbeats.news|2025/07/12 15:51:59

BlockBeats News, July 12th, Cryptocurrency KOL Miles Deutscher commented on the PUMP dump of 5 billion USD in 12 minutes, stating that this indicates that there is still a significant amount of liquidity willing to participate when the opportunity is right. Shitcoins have not experienced a "death"; they just need the right narrative.

BTC briefly fell below 117,000 USDT, and the 24-hour increase narrowed to 0.45%

A whale prepared 40 million USDC three weeks in advance to participate in the PUMP token sale but ended up only purchasing around 5.15 million US dollars.