According to Aggr News, the PUMP.FUN account has been compromised, and the token associated with it is confirmed to be fake as stated by ALON. This development is critical for traders as it directly impacts the authenticity and reliability of the token, signaling a need for heightened vigilance in trading activities involving PUMP.FUN. Traders should reassess their positions in this token and exercise caution in related transactions.

According to Lookonchain, a trader withdrew 4,248 $SOL (worth $1.06M) from exchanges and incurred losses totaling $892K. Over the past two days, the individual traded 13 different tokens, achieving a negligible profit of $231 on a single trade, resulting in an almost 0% win rate. The largest losses were $456.4K on $ALON and $254.5K on $VINE.

According to Lookonchain, a trader withdrew 4,248 $SOL (approximately $1.06M) from exchanges to engage in trading activities, only to incur losses amounting to $892K. The individual traded 13 different tokens over two days, resulting in only one profitable trade with a gain of $231, while the remaining trades were unprofitable, leading to an almost 0% win rate. Significant losses were reported on $ALON and $VINE, with $456.4K and $254.5K lost respectively.

According to Ai 姨, an investor holding ALON tokens for nearly three months realized a profit of $2.47 million with a return rate of 22,570%. The investor initially purchased ALON during November-December at an average price of $0.000511, investing approximately $11,000. The profit was realized following a positive announcement from ALON regarding their CTO, leading to a price surge to $0.1403. This highlights the importance of monitoring company announcements for trading opportunities. [source: Ai 姨]

According to Lookonchain, a trader who invested 2,500 USDC in April 2024 to purchase 44.86M ALON, recently sold 28M ALON for 13,534 SOL, equivalent to $3.41M. This transaction signifies a significant profit, highlighting strategic patience in holding the asset for months. The trading move reflects the potential lucrative outcomes of long-term cryptocurrency investments when market conditions align favorably. Source: Lookonchain.