Data: A certain institution PUMP exited the private equity with a loss of 700,000 USD

ChainCatcher news, according to crypto analyst Yu Jin @EmberCN's monitoring, after the co-founder of @pumpdotfun stated that there would be no airdrop in the near future, the price of PUMP dropped from $0.0039 to $0.0031.

About an hour and a half before the drop, an institution that privately placed 150 million USDC for 3.75 billion PUMP transferred all PUMP (then worth $14.3 million) to Coinbase Prime, incurring an unrealized loss of about $700,000.