Whale deposits 3.8B PUMP to FalconX, realizing $12.2M loss

An anonymous Pump.fun (PUMP) whale has deposited 3.8 billion PUMP, valued at $7.57 million, to FalconX after holding the tokens for the past three months, according to Onchain Lens. The address, which starts with 3QB9kH, initially withdrew the tokens from Binance three months ago following an investment of $19.53 million, resulting in an estimated loss of $12.22 million on the position.