Dormant address deposits $2.59M in PUMP to Bitget

An address starting with GpCfm, which had been dormant for eight months, deposited $2.59 million worth of PUMP to Bitget eight hours ago, on-chain analyst ai_9684xtpa reported. Deposits to exchanges are typically interpreted as a precursor to selling. Over the past four days, the address has deposited a cumulative $5.15 million in PUMP. The wallet has been continuously receiving the token from the Pump.fun custody wallet and currently holds 2.08 billion PUMP.