LeBron Whale Spends $3M USDC to Acquire 600M+ PUMP Tokens
On July 15, on-chain data from Lookonchain revealed that the crypto whale known as the ’LeBron’ wallet generated $16.7 million in profits trading TRUMP, MELANIA and LIBRA tokens. The whale then allocated a total of $3 million USDC to acquire over 600 million PUMP tokens—$1 million USDC during the PUMP token public presale and an additional $2 million USDC at $0.0056 per token. This strategic accumulation by a crypto whale tightens the circulating supply of PUMP tokens and may drive upward pressure on price and liquidity. Traders should monitor whale movements and PUMP token liquidity, as large on-chain USDC investments often signal bullish momentum despite potential volatility.
Bullish
Large-scale USDC outlays by the ’LeBron’ wallet to acquire over 600 million PUMP tokens indicate growing whale confidence and reduced circulating supply. Historically, significant on-chain accumulation by whales often precedes upward price movements, boosting short-term bullish momentum. In the long term, tightened supply and increased market attention may sustain price support, although traders should remain cautious of profit-taking and volatility.