The private placement address of PUMP institution is suspected to have cashed out more than 140 million US dollars, with a total profit of 39.65 million US dollars

CoinRank News: @EmberCN monitored that two addresses participating in the institutional private placement of PUMP were suspected to have completed liquidation in the past week, selling a total of 25.5 billion PUMP (worth about 141 million US dollars), with a cumulative profit of 39.65 million US dollars. Among them, Address 1 participated in the institutional private placement round of pump.fun with 100 million USDC and obtained 25 billion PUMP (unlocked). In the past week, the address has transferred 13 billion PUMP (about 71.46 million US dollars) to FalconX, and further flowed into multiple centralized exchanges, with an average selling price of about 0.0055 US dollars, and a profit of 19.5 million US dollars. Address 2 purchased 12.5 billion PUMP with 50 million USDC, and recently transferred all of them to CEX, with an average selling price of about 0.0056 US dollars, realizing a profit of 20.15 million US dollars.