According to Lookonchain monitoring, a whale address that had been dormant for a full year has become active again, spending 5,000 SOL (~$358,000) to acquire 243 million PUMP tokens. The same whale had purchased 10,957 SOL at $237 each (~$2.6 million) over a year ago and staked them. Despite earning 1,206 SOL in staking rewards, the overall position remains underwater.
Event Overview
Blockchain analytics platform Lookonchain reports that a whale address, inactive for over a year, has suddenly resumed trading. The wallet executed multiple transactions totaling 5,000 SOL (approximately $358,000 at current prices) to purchase 243 million PUMP tokens.
Historical Holdings and P&L
On-chain records show that about a year ago (mid-2024), the same whale bought 10,957 SOL at an average price of $237 per coin, investing roughly $2.6 million. The funds were subsequently staked. Despite earning 1,206 SOL in staking rewards during the holding period, the overall portfolio remains in a loss due to SOL price depreciation and the cost basis of the new PUMP purchase.
This resumption of trading activity may indicate the whale's renewed interest in the PUMP project or a strategy to average down its cost. Market participants should watch for potential larger capital inflows.
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