Two Whales Dumped This Altcoin: Sold in Bulk

According to data from on-chain tracking platform Lookonchain, two major whale addresses profited by selling PUMP tokens they purchased approximately two months ago.

• Address 6AkVuG sold 466.74 million PUMPs (approximately $3.27 million) for a profit of $1.96 million (+149%).
• Address 58teLV sold 272.24 million PUMPs (approximately $1.95 million) for a profit of $1.16 million (+133%).

Meanwhile, Huang Licheng, known as “Machi Big Brother” in the cryptocurrency market, is facing significant losses due to high leverage. According to Onchain Lens data, Huang opened a short position in ASTER with 3x leverage. He also holds 15x long positions in ETH and 5x long positions in PUMP and HYPE. These trades have resulted in an unrealized loss of approximately $4 million.

On the other hand, some whales continue to open new positions:

• A whale named “fluffcatto.eth” opened a 5x leveraged PUMP long position by depositing 1.22 million USDC on the Hyperliquid exchange.
• According to EmberCN data, another whale purchased 6.48 million ASTERs (average price $1.15) using 7.5 million USDT in the last 4 hours and withdrew the tokens to his on-chain wallet.

*This is not investment advice.

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