MUMU (@mumu_bull) witnessed an extraordinary breakout, experiencing a massive 130% pump in just two hours. The token’s market cap surged from $85 million to $200 million before stabilizing at $150 million.
This remarkable rally attracted significant attention from whales, who had accumulated substantial amounts of MUMU prior to the price surge.
ATH breakout with a MASSIVE wick for $MUMU @mumu_bull who just did a +130% pump in 2 hours.
From $85M MC to $2OOM, now sitting at $150M.
Many whales accumulated $MUMU before this big wick, including BHCm58VsiSq9p3hqjprLAs6wtjXjtuGnz6vj1i3Upe7X and… pic.twitter.com/VRFCVZt3C2
— Solsniffer (@solanasniffer) July 25, 2024
One notable trader, identified by the address 4Rrz…..TvnJ, sold his entire MUMU holdings four days before the pump. Although he exited with a respectable 45% return on investment (ROI), amounting to $85,000 in profits, he missed out on a potential 300% to 350% ROI if he had held on through the pump.
This $MUMU @mumu_bull trader sold all of his bag 4 days before the big pump. He got out with a +45% ROI for profits of $85,000.
He could have got a +300% to +350% ROI.
4RrzL34AuT3gBjJ3SfNrnAXdno7UcSn4TVFtzrNqTvnJ pic.twitter.com/db3kUPkHdF
— Solsniffer (@solanasniffer) July 25, 2024
A Large Trader Exchanged $2.4 Million Worth Of WIF For MUMU
In a significant move, a large investor recently exchanged $2.4 million worth of WIF for MUMU in a single transaction. This sudden swap triggered a dramatic increase in MUMU’s market cap, which briefly skyrocketed from $140 million to $820 million. Consequently, this whale has now become the fourth largest MUMU holder.
🚨JUST IN: A large investor recently exchanged $2.4 million worth of $WIF for $MUMU @mumu_bull in a single transaction. This sudden swap led to a significant increase in the market cap of MUMU, soaring from $140 million to $820 million for a brief period. As a result, the whale… pic.twitter.com/gGanrvl4th
— CoinEcho (@mycoinecho) July 25, 2024
The rapid appreciation of MUMU highlights the volatility and potential rewards in the cryptocurrency market. Such significant market moves often attract both retail and institutional investors looking to capitalize on the momentum. However, the quick entry and exit of large investors can also introduce heightened volatility and risk.
As MUMU continues to capture market interest, its future trajectory remains uncertain. Investors should remain cautious and conduct thorough research before making investment decisions. The recent events around MUMU underscore the importance of timing and strategy in the dynamic world of cryptocurrency trading.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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