Whale Sells PUMP Tokens for $1.36M Profit Amid Cautionary Technical Indicators

A whale investor known as E3M...9Cs has sold 1 billion PUMP tokens for a profit of $1.36 million, according to recent transactions on Coinbase Prime.

The whale acquired the allocation last July at $0.004 per token and sold it this month at $0.0054 per token, realizing a 34% gain.

Analysts note that the price action on the 4h chart shows the token holding exactly at the $0.01 EMA50 confluence, which now serves as both long-term support and upper Bollinger resistance.