finance
Dormant wallet spends 5,000 SOL, now worth 358000 dollars, on 242.66 million PUMP tokens
A cryptocurrency wallet inactive for more than a year spent 5000 SOL valued at 358000 dollars to acquire 242.66 million PUMP tokens. The same wallet had previously purchased and staked SOL at a higher price.
LO
medium.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
A previously dormant wallet identified as 4z56a1 purchased 242.66 million PUMP tokens with 5000 SOL, @lookonchain reported. The SOL used in the transaction was valued at 358000 dollars at the time of the purchase. More than one year earlier the same wallet had acquired 10957 SOL at 237 dollars per token for a total cost of 2.6 million dollars.
The wallet staked those tokens and received 1206 SOL in rewards. Even after the staking rewards the position remains down more than 1.7 million dollars, a 66 percent loss resulting from the decline in SOL price.
Transparency
How sources framed this
LO
LO
Single source — no framing comparison available.
CorroborationModerate · 1 source
