Unlisted PUMP Deposit on Binance Costs Trader $6 Million as PUMP Token Price Crashes 60%
- PUMP investor’s deposit error costs him $6 million in eight days.
- Market volatility could make or mar an investor’s situation.
- The altcoin market cap lost about $1 trillion in 24 hours.
A simple deposit error has highlighted the immense risks associated with cryptocurrency investments, as one investor lost approximately $6 million in just eight days due to a single oversight.
How a simple deposit error led to a $6 million loss
According to data from Lookonchain, a leading blockchain analysis platform, the investor in question deposited 2 billion PUMP into Binance when the price was $0.0064.
Unfortunately for the investor, Binance did not have a spot trading market for PUMP, and the funds could not be immediately withdrawn. Typically, it takes a while for crypto exchanges to correct such mistakes, and t…
The post Unlisted PUMP Deposit on Binance Costs Trader $6 Million as PUMP Token Price Crashes 60% appeared first on Coin Edition.
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Unlisted PUMP Deposit on Binance Costs Trader $6 Million as PUMP Token Price Crashes 60%
- PUMP investor’s deposit error costs him $6 million in eight days.
- Market volatility could make or mar an investor’s situation.
- The altcoin market cap lost about $1 trillion in 24 hours.
A simple deposit error has highlighted the immense risks associated with cryptocurrency investments, as one investor lost approximately $6 million in just eight days due to a single oversight.
How a simple deposit error led to a $6 million loss
According to data from Lookonchain, a leading blockchain analysis platform, the investor in question deposited 2 billion PUMP into Binance when the price was $0.0064.
Unfortunately for the investor, Binance did not have a spot trading market for PUMP, and the funds could not be immediately withdrawn. Typically, it takes a while for crypto exchanges to correct such mistakes, and t…
The post Unlisted PUMP Deposit on Binance Costs Trader $6 Million as PUMP Token Price Crashes 60% appeared first on Coin Edition.
Read More
Pump.fun’s Daily Revenue Plunges Below $300k, Lowest Since September 2024