PANews reported on July 20 that @ai_9684xtpa monitored that the address associated with the Pump.fun project recharged 2 billion PUMPs to Binance. Address 58WQi...gv33E received 12.5 million PUMPs from the project, of which 25 billion were suspected to be used for Wintermute market making, 8 billion were recharged to Bybit, and another 2 billion were recharged to Binance (worth $12.75 million).

Binance's current support for PUMP is limited to Alpha and contracts. This recharge behavior may correspond to the following possibilities: PUMP is about to carry out airdrops or other activities in Alpha; PUMP is about to be listed on the Binance main site; this operation is only to confuse the public.