PUMP fell 16% over the past 24 hours, according to monitoring data cited by ChainCatcher from EmberCN. The move may have been pushed by a single address that sold 1.264 billion PUMP in one on-chain transaction about seven hours earlier.
The wallet received 5.483 million USDC from the sale, with an average execution price of about $0.0043 per token. Because the order was executed in one large block, the trade incurred an estimated 5% slippage loss.
EmberCN estimated that if the seller had split the order into multiple trades, the position could theoretically have been liquidated for about $5.78 million. Instead, the direct sale brought in about $5.48 million, implying roughly $300,000 less in proceeds. EmberCN said the address may have been a driver behind PUMP’s decline during the period.
PUMP dropped 16% in the past 24 hours, according to EmberCN monitoring cited by ChainCatcher, with one address possibly acting as a driver of the decline.
The address sold 1.264 billion PUMP in a single on-chain transaction about seven hours earlier and received 5.483 million USDC. The average execution price was about $0.0043.
Because the order was sold in one large trade, the transaction recorded an estimated 5% slippage loss. EmberCN estimated that splitting the order into multiple trades could theoretically have generated about $5.78 million. The direct sale brought in about $5.48 million, or roughly $300,000 less.
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