Whale Sells $11M PUMP Holding for ~$3.15M Profit (~40%) After Month-Long Accumulation
A crypto whale sold its entire PUMP token holding worth $11 million, transferring the tokens to Binance and realizing an estimated profit of about $3.15 million — roughly a 40% gain. OnChainSchool monitoring indicates the whale accumulated these PUMP tokens over the past month by buying across multiple exchanges. The move occurred about four hours prior to the report. No trading advice is offered; the activity was reported as market information.
Bearish
A large whale liquidation of a concentrated $11M PUMP position and transfer to Binance signals immediate selling pressure. The sale realized a ~40% gain, which may encourage other early holders or short-term traders to take profits, leading to short-term downward pressure on PUMP’s price and heightened volatility. Historically, large on-chain transfers to centralized exchanges followed by sell-offs often trigger cascade selling (e.g., token-specific whale exits). However, the broader market impact is likely limited because this concerns a single token and not major market-cap cryptocurrencies; long-term effects depend on remaining token distribution and market confidence. Traders should watch exchange order books, short-term volume spikes, and on-chain flow to Binance for follow-up selling to manage risk.