In accordance with knowledge from on-chain monitoring platform Lookonchain, two main whale addresses profited by promoting PUMP tokens they bought roughly two months in the past.
- Handle 6AkVuG offered 466.74 million PUMPs (roughly $3.27 million) for a revenue of $1.96 million (+149%).
- Handle 58teLV offered 272.24 million PUMPs (roughly $1.95 million) for a revenue of $1.16 million (+133%).
In the meantime, Huang Licheng, often called “Machi Massive Brother” within the cryptocurrency market, is dealing with vital losses resulting from excessive leverage. In accordance with Onchain Lens knowledge, Huang opened a brief place in ASTER with 3x leverage. He additionally holds 15x lengthy positions in ETH and 5x lengthy positions in PUMP and HYPE. These trades have resulted in an unrealized lack of roughly $4 million.
However, some whales proceed to open new positions:
- A whale named “fluffcatto.eth” opened a 5x leveraged PUMP lengthy place by depositing 1.22 million USDC on the Hyperliquid change.
- In accordance with EmberCN knowledge, one other whale bought 6.48 million ASTERs (common worth $1.15) utilizing 7.5 million USDT within the final 4 hours and withdrew the tokens to his on-chain pockets.
*This isn’t funding recommendation.
