Whales wait $PUMP HOLD just to... CUT LOSS. When 40% of the account flies away after 5 months of holding.
PUMP has just had a slight recovery, but instead of continuing to HOLD, a Whale has seen this as the last opportunity to exit.
On-chain flow has also recorded a truly typical Surrender phase.
🔷 In the past 7 hours, this whale has continuously transferred a total amount of $PUMP worth 1.9 Million USD to the Binance exchange.
The main purpose is to bring the token to the exchange in preparation for a sell-off.
🔶 Tracing the past shows that this whale operates quite systematically:
5 months ago, they gathered assets from the exchange and distributed them into various wallets to hide and avoid attention.
After nearly half a year of holding losses, hopes for recovery have faded. The whale decided to consolidate the tokens from satellite wallets to liquidate.
🔷 Selling at the current price level causes this investment to evaporate -40% in value.
Current estimated loss has reached a Realized Loss of up to 1.3 Million USD.
Selling pressure from Old Holders wanting to exit is a significant barrier to PUMP's upward momentum.
When the Shark also has to cut losses in millions of dollars, individual investors need to be cautious with Bull trap phases.
This article is for reference only and is not investment advice. Please read and consider carefully before making any decisions.
