PUMP dropped 16% over the past 24 hours, and on-chain tracker EmberCN said one address may have been a key driver of the decline. Around seven hours before the report, the address sold 1.264 billion PUMP in a single on-chain transaction and received 5.483 million USDC. The average execution price was about $0.0043 per token.
Because the order was executed in one large block, the trade suffered roughly 5% slippage, according to the monitoring data. EmberCN estimated that if the seller had split the order into multiple transactions, the position could theoretically have been liquidated for about $5.78 million. Instead, the direct sale brought in about $5.48 million, leaving roughly $300,000 on the table.
The transaction came as PUMP was already under pressure, with the token down 16% on a 24-hour basis at the time of the report.
PUMP fell 16% over the past 24 hours, and on-chain tracker EmberCN said one address may have helped drive the move lower.
About seven hours before the report, the address sold 1.264 billion PUMP in a single on-chain transaction and received 5.483 million USDC. The average execution price was about $0.0043.
Because the sale was executed as one large order, the trade incurred about 5% slippage. EmberCN estimated that splitting the order into multiple transactions could theoretically have returned about $5.78 million. The direct sale brought in about $5.48 million instead, or roughly $300,000 less.
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