en.bitcoinsistemi.com
On-chain data has revealed major transactions that have attracted attention in the cryptocurrency market.
PumpFun continues to buy back its own altcoin, the $PUMP token. The company purchased $PUMP by transferring $5.6 million worth of $SOL to a new address. A total of $6.68 million worth of $PUMP was bought back through this address, $5.72 million of which was transferred to the Squads Vault.
Additionally, two newly created wallets withdrew a total of 10.98 million SYRUP from Binance, approximately $5.4 million worth. It's believed the transactions may be related to the same asset.
A crypto whale, who has been dormant for a long time, deposited 1,383 $ETH ($5.39 million) into the MEXC exchange after an eight-month hiatus. This investor initially withdrew 2,768 $ETH ($6.45 million) and currently holds 1,384 $ETH ($5.39 million). A total profit of $4.32 million is estimated.
Another whale sold 1.11 billion PUMPs, earning 21,763 $SOL ($3.79 million) and deposited these assets on Binance. This transaction yielded a profit of approximately $362,000.
*This is not investment advice.