BlockBeats News, June 29, according to LookIntoChain monitoring, a whale address that had been dormant for over a year started buying PUMP, spending 5000 SOL (about $358,000) to acquire 242.66 million PUMP.

Over a year ago, the whale had bought 10,957 SOL at an average price of $237 (about $2.6 million) and had since been staking it.

Despite earning 1206 SOL in staking rewards, the whale's overall position is currently at a loss of over $1.7 million due to the significant drop in SOL's price, representing a loss of about 66%.