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Investor loses 6 million dollars in cryptocurrency profits after a mistake
An early investor in the PUMP token lost nearly 6 million USD in unrealized profits due to miscalculations when transferring the token to the Binance exchange.
According to LookOnChain, the "PUMP Top Fund 2" fund has deposited 2 billion PUMP ( worth 12.79 million USD) onto Binance, hoping that the token will be listed. However, the listing did not occur and Binance refunded the token after nearly a day. During that time, the price of PUMP plummeted by 46%, from 0.0064 USD to 0.0035 USD, wiping out potential profits. Subsequently, the investor transferred all tokens to Bybit. PUMP is the token of the meme launchpad platform PumpFun on Solana, which had seen a significant price increase after the ICO but quickly fell below the offering price, causing many investors to incur losses.