An institution that spent $100 million to participate in the PUMP private placement sold the last 8 billion PUMPs in the early morning, making a total profit of $8.2 million


according to on-chain data analyst Yu Jin's monitoring, the largest PUMP institution's private placement address transferred the last 8 billion PUMP coins (approximately $20.11 million) to FalconX 8 hours ago, completing the sale of all its private placement PUMP coins and making a profit of $8.2 million. It is reported that this address participated in the institutional private placement of pump.fun with 100 million USDC, receiving 25 billion PUMP coins (at the same price as the public offering, also not locked), making it the largest institutional private placement address. Starting from the 16th, the address has been transferring PUMP coins to FalconX and cleared them out early this morning. The average transfer price was approximately $0.0043, realizing a profit of $8.2 million.