An institutional private-sale wallet tied to PUMP has sold its full allocation after moving 1 billion PUMP to Coinbase Prime, according to on-chain analyst Ember. The wallet, identified as E3M...9Cs, joined the PUMP private sale in July last year with a $4 million investment and received 1 billion tokens at a private-sale price of $0.004 each. Ember said the wallet transferred the entire position to Coinbase Prime five hours ago. At the time of the transfer, the holdings were valued at $5.36 million, with PUMP priced at $0.0054. Based on the figures disclosed in the monitoring update, the sale generated a profit of $1.36 million, representing a 34% return. The report did not provide any additional details beyond the wallet movement, the original private-sale cost, the token amount, the transfer destination, and the calculated profit and return.
Odaily reported that, according to on-chain analyst Ember, a PUMP institutional private-sale wallet identified as E3M...9Cs sold its full 1 billion PUMP allocation after moving the tokens to Coinbase Prime.
Ember said the wallet took part in the PUMP private sale in July last year with a $4 million investment and received 1 billion PUMP at a private-sale price of $0.004 per token.
Five hours ago, the wallet transferred all of its PUMP holdings to Coinbase Prime. At that time, the position was worth $5.36 million, with PUMP priced at $0.0054. Based on the disclosed figures, the sale produced a profit of $1.36 million, equal to a 34% return.
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