TechFlow reports on February 24, according to monitoring by Ai Auntie, RAY's price dropped nearly 30% following news that Pump.fun was building its own AMA. The whale address DMBZ2...XvQvD is offloading 867,000 RAY tokens (worth approximately $2.83 million) accumulated over four months, which would result in a loss of $1.27 million if sold.
Over the past three days, this address has transferred RAY worth $6.45 million to exchanges, with a cost basis of $4.73 per token, incurring a cumulative loss of about $1.517 million.
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