TL;DR
- A PUMP whale liquidated 100% of its place by transferring 3.8 billion tokens to FalconX, realizing a lack of almost 62%.
- The pockets 3QB9kH collected PUMP between September and November at a median value of $0.00513 and closed the place at $0.001739 after a 71% drop over 90 days.
- One other whale moved 16 million ENA tokens to Coinbase Prime, taking a lack of greater than $14 million.
A PUMP whale liquidated its whole place and locked in one of many largest current losses throughout the memecoin market.
The pockets recognized as 3QB9kH transferred roughly 3.8 billion PUMP tokens to FalconX, closing a place that had been constructed progressively between September 12 and November 4. The typical acquisition value was $0.00513 per token, primarily by way of purchases on Binance.
On the time of the exit, the place was valued at round $7.3 million. The invested capital exceeded $19.5 million. The hole ends in a realized lack of greater than $12 million, equal to a drawdown of almost 62%. The sale was neither partial nor staggered: the whale totally exited its publicity to the token.
PUMP Fell 71% Over the Final 90 Days
PUMP has posted a decline of greater than 71% over the previous 90 days. Within the final 24 hours, the token dropped 11.8% and is presently buying and selling round $0.001739. Inside the prime 100 by market capitalization, the memecoin stays among the many worst-performing property of the interval, after concurrently shedding the power it had proven throughout the preliminary memecoin wave.
In the meantime, one other whale transferred greater than 16 million Ethena (ENA) tokens to Coinbase Prime after holding the place for almost a yr. That holding peaked at over $18 million in worth. On the time of the sale, its worth had fallen to roughly $3.5 million. ENA is down greater than 67% over the past 90 days and is buying and selling close to $0.195.
The Market Continues to Right
The overall crypto market capitalization fell by greater than 3% over the previous 24 hours and stays beneath $3 trillion. Bitcoin declined by roughly 2.5% over the identical interval, with its value hovering round $87,760. Memecoins, in the meantime, are posting even steeper declines.
The sample is obvious: the sharpest exits are concentrated in property that rely closely on speculative capital flows
