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Whale exits with a 62% loss, a painful lesson from a billion-level Holdings in PUMP coin.
The 【Block Rhythm】 has a whale address that has recently become a cautionary tale. From mid-September to early November, this guy went on a buying spree for PUMP coins at a leading exchange, pouring in a total of 19.53 million USD to buy 3.806 billion coins, with an average cost of only 0.00513 USD.
The layout looks good, doesn’t it? Unfortunately, the good times didn’t last long. Just three days later, he transferred all the PUMP to FalconX to prepare for liquidation, and the final sale of 7.3 million dollars didn’t even recover the costs. After all these operations, he suffered a huge loss—directly losing over 12 million dollars, with a drop of 62%.
This is a true reflection of the cryptocurrency world. Even the largest whale can stumble, let alone when facing such a massive loss. It seems that even with money, choosing the wrong track and timing can lead to enormous costs.