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Major Wallet Takes $12.22M Hit After 3-Month PUMP Hodl on Trading Platform
On-chain monitoring data reveals a significant whale activity in the PUMP market. According to tracking from blockchain analytics, a whale transferred 3.8 billion PUMP tokens to a trading platform approximately three months ago, initially valued at roughly $19.53 million at the time of deposit.
The situation took a turn for the worse as market conditions evolved. The current valuation of that same 3.8 billion PUMP holdings sits at approximately $7.57 million, representing a substantial unrealized loss of around $12.22 million for the whale investor.
This whale news highlights the volatility and risk inherent in token holdings during bear-market conditions. The transition from a $19.53 million position to a $7.57 million valuation within a three-month window demonstrates how quickly market sentiment can shift and erode investment value. The whale’s decision to deposit these tokens on the platform rather than hold them in a personal wallet has left them exposed to this significant drawdown.
Such cases frequently attract attention from the on-chain tracking community, as they provide insights into how large holders navigate market cycles and manage their exposure to smaller-cap tokens like PUMP. Whether the whale will wait for a recovery or liquidate at a loss remains an open question that the market will continue to monitor.