On-chain analytics platform Lookonchain has detected a dormant whale address reactivating after more than a year of inactivity. The whale recently spent 5,000 SOL (approximately $358,000 at current prices) to acquire 243 million PUMP tokens in a single transaction.
Historical data shows that over a year ago, this same address purchased 10,957 SOL at an average price of $237 per SOL, totaling about $2.6 million. Those SOL were then staked to generate rewards. While the address has earned 1,206 SOL (worth roughly $86,000 at current SOL prices) as staking rewards, the overall portfolio remains in a loss position when factoring in the cost basis of the SOL and the new PUMP purchase.
The sudden re-entry of this whale, combined with the massive purchase of PUMP tokens, suggests a shift in the whale's sentiment toward the token. It also serves as a reminder for traders to monitor large on-chain fund movements and potential volatility in associated tokens.