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Single Wallet Sells 1.264 Billion PUMP in 5.483 Million USDC Trade

PUMP fell 16% over 24 hours. Splitting the sale across several transactions was estimated to return $5.78 million.

By Enna Lee
Published
Mentioned assets
A crimson token wedges into a narrow polished steel channel / TokenPost.ai
A crimson token wedges into a narrow polished steel channel / TokenPost.ai

A single wallet sold 1.264 billion PUMP for 5.483 million USDC in one transaction as the token fell 16% over 24 hours.

The transaction was priced at $0.0043 per PUMP. The wallet incurred 5% slippage on the single sale. Splitting the order across several transactions could have produced $5.78 million.

Slippage is the difference between a trade's expected price and its execution price. The 5% slippage applied to filling the order in one transaction; $5.78 million is the estimated proceeds from splitting the sale across multiple trades.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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