According to online reports, according to Ember Monitoring, two addresses participating in the private placement round of PUMP institutions were suspected to have completed their liquidation in the past week, selling a total of 25.5 billion PUMPs (worth approximately US$141 million), with a cumulative profit of US$39.65 million. Among them, Address 1 participated in pump.fun's institutional private placement round with 100 million USDC units and received 25 billion PUMPs (no lock positions). In the past week, the address has transferred 13 billion PUMPs (approximately US$71.46 million) to FalconX and further flowed into multiple centralized exchanges, with an average selling price of approximately US$0.0055 and a profit of US$19.5 million. Address 2 purchased 12.5 billion PUMPs for 50 million USDC, and has recently transferred all of them to CEX. The average selling price is approximately US$0.0056, achieving a profit of US$20.15 million.