Pump.fun project team's associated address deposited 2 billion PUMP to Binance, worth $12.75 million

BlockBeats News, July 20th. According to on-chain analyst Ai Auntie (@ai_9684xtpa), the team behind Pump.fun deposited 2 billion PUMP tokens to Binance. The address "58WQi...gv33E" had previously received 12.5 billion PUMP tokens from the project team, with 2.5 billion tokens suspected to have been used for Wintermute liquidity providing, 8 billion tokens deposited into Bybit, and an additional 2 billion tokens deposited into Binance, totaling $12.75 million.

It is worth noting that Binance currently only supports PUMP for Alpha and futures trading. According to Ai Auntie's analysis, this deposit behavior may correspond to the following possibilities:

PUMP will soon undergo an airdrop or other event on Alpha;

PUMP will soon be listed on the main Binance spot exchange;

This operation was solely done to create confusion.