LeBron Whale spend $3M USDC to buy pass 600M PUMP Tokens
For July 15, on-chain data from Lookonchain show say the crypto whale wey dem dey call ’LeBron’ wallet make $16.7 million profit trading TRUMP, MELANIA and LIBRA tokens. The whale come put total $3 million USDC to buy more than 600 million PUMP tokens—$1 million USDC during the PUMP token public presale and add another $2 million USDC at $0.0056 per token. This smart move by the crypto whale dey tighten the circulating supply of PUMP tokens and fit push up price and liquidity. Traders suppose dey watch whale movements and PUMP token liquidity because big on-chain USDC investments often mean say the market dey bullish despite possible volatility.
Bullish
Big big USDC wey di ’LeBron’ wallet don spend to buy pass 600 million PUMP tokens show say di whales confidence dey grow and di circulating supply don reduce. For history, big big on-chain accumulation by whales dey usually come before price go up, e dey boost short term bullish momentum. For long term, tighten supply and better market attention fit hold price support, but traders suppose still watch profit taking and wahala (volatility).