Dormant Crypto Whale Reactivates, Buys 242M PUMP for $358K

A crypto wallet labeled 4z56a1 has reactivated after more than a year of inactivity, making a significant new purchase of 242.66 million Pump.fun (PUMP) for approximately 5,000 SOL, valued at around $358,000.

To put this latest activity in context, the same wallet previously accumulated 10,957 SOL, worth about $2.6 million at an entry price of $237, and staked the assets for yield. While staking produced 1,206 SOL in rewards over time, the overall position remains deeply in the red, with losses exceeding $1.7 million, or roughly 66%.

Meanwhile, market data shows PUMP trading at $0.001418, reflecting a decline of approximately 19% over the past month.

Source: Lookonchain