PANews, July 24th news, according to on-chain analyst Yu Jin's monitoring, after the co-founder of pump.fun stated that there would be no airdrop in the near future, the price of PUMP fell from $0.0039 to $0.0031. Just an hour and a half before the drop, a certain institution transferred all 3.75 billion PUMP (valued at $14.3 million) to Coinbase Prime for cut loss. This institution previously obtained these PUMP in a private sale using 15 million USDC at a price of $0.004. This operation resulted in a loss of $700,000 on PUMP for the institution (the current value of the 15 million USDC investment has shrunk to $14.3 million).

PUMP-2.02%
PRIME3.82%
USDC0.01%
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