PUMP plunges over 16% in 24 hours as a whale dumps 1.264 billion tokens in a single transaction

BlockBeats news, October 15th, according to EmberCN monitoring, PUMP fell 16% in the past 24 hours, and one address may be the driving force behind today's decline. About 7 hours ago, this address sold 1.264 billion PUMP in a single on-chain transaction, exchanging it for $5.483 million USDC, with an average execution price of approximately $0.0043.

Due to the large one-time sale, this transaction incurred a slippage loss of about 5%. Ember estimates that if the order had been split into multiple transactions, it could theoretically have cashed out about $5.78 million; this direct sale only obtained $5.48 million, resulting in about $300,000 less.