Top PUMP whale offloads 3.8B tokens at 62% loss as ENA holder also capitulates

A major Pump.fun whale moved about 3.8 billion PUMP tokens worth roughly $7.3 million to FalconX, crystallizing an estimated $12 million loss after accumulating the position between September 12 and November 4 at around $19.5 million. Over the past 90 days PUMP has fallen more than 71%, while another large holder shifted over 16 million Ethena (ENA) tokens to Coinbase Prime at a steep drawdown, underscoring broader weakness in speculative altcoins.