A Big Altcoin Whale’s Split-Second Mistake Cost Him $6 Million

According to on-chain analytics platform LookOnChain, a private placement investor named “PUMP Top Fund 2” missed out on nearly $6 million in potential profits due to a serious error. The investor deposited 2 billion PUMP tokens, worth $12.79 million, into Binance 8 days ago at $0.0064 per token. However, because Binance did not offer a spot listing for PUMP at the time, the deposited tokens were returned to the investor 23 hours earlier. Following the return of the tokens, the investor immediately transferred all assets to Bybit. Related News: Bitcoin Whale from the Satoshi Era Moves Its BTC - Purchased at an Unbelievable Price During this period, the price of PUMP fell by approximately 46% to $0.0035 per token. This caused the investor to miss out on a nearly $6 million selling opportunity due to the early and incorrect transfer to Binance. PumpFun, a memecoin launch platform on Solana, recently launched its PUMP token, and investors who participated in the initial coin offering initially profited. However, the token's price soon dropped below the initial coin offering price. *This is not investment advice. Continue Reading: A Big Altcoin Whale’s Split-Second Mistake Cost Him $6 Million