Whale Dumps $580K Worth of PUMP Tokens After 10-Month Hold

An anonymous cryptocurrency whale has dumped their entire position in PUMP tokens after holding them for roughly 10 months, resulting in a realized loss of approximately $580,000.

The whale originally acquired 518 million PUMP tokens in October last year, spending 2 million USDC at an average entry price of $0.00386 per token.

Today, the whale exited the entire position at an average price of $0.00274, receiving approximately 1.42 million SOL (worth about $1.42 million at current rates).

This move represents a 29% loss on the initial investment, highlighting the volatility and risk inherent in the meme coin and small-cap token market.