Whale sweeps 2.15 billion PUMP tokens in 16 hours, holding $3.87 million in chips

On-chain data shows that two wallets (26nbFG and E9eKo8) exhibited abnormal activity over the past 24 hours. According to Lookonchain tracking, these two addresses bought a total of 2.15 billion PUMP tokens in just 16 hours, with a total value of $3.87 million.

What signals are revealed behind this bottom-fishing move? Large holders’ accumulation behavior often reflects market sentiment changes. When institutions or large holders rapidly build positions in a short period, it usually indicates optimism about the future market or a search for a bottom zone to establish long-term positions.

From the data, the buying pace of these two wallets is quite determined. Completing such a large-scale accumulation within a 16-hour window indicates strong buying power. As a popular project within the Solana ecosystem, PUMP has long attracted the attention of many participants.

It is worth noting that the formation of such large holdings often impacts subsequent market liquidity. Once these chips are locked in, market circulation volume decreases, potentially creating conditions for a price rebound. However, investors need to understand that on-chain whale actions are only one reference indicator; the actual price trend requires a comprehensive analysis of multiple data dimensions.

Currently, PUMP’s market performance continues to attract attention, and such concentrated accumulation events often become focal points of market discussion. The future direction will depend on continued observation of these large holders’ subsequent actions.