Single Wallet Sells 1.264 Billion PUMP in 5.483 Million USDC Trade

A single wallet sold 1.264 billion PUMP for 5.483 million USDC in one transaction as the token fell 16% over 24 hours. The transaction was priced at $0.0043 per PUMP. The wallet incurred 5% slippage on the single sale. Splitting the order across several transactions could have produced $5.78 million. Slippage is the difference between a trade's expected price and its execution price. The 5% slippage applied to filling the order in one transaction; $5.78 million is the estimated proceeds from splitting the sale across multiple trades. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost