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Whale 3.8 billion tokens PUMP suffered a tragic loss of 62%, a heartbreaking story from high-priced buying to Cut Loss.
[BitPush] The on-chain data tracking platform has found that a whale address 3QB9kH has been very active in the past two months. From mid-September to early November, this large investor has been continuously buying from top exchanges, accumulating a total of 3.806 billion PUMP Tokens, costing about $19.53 million, with an average cost of $0.00513.
Looks like it's time to get rich? Reality hit hard. Three days ago, this Whale suddenly transferred all 3.806 billion PUMP (worth about $7.3 million at the time) to the FalconX platform, clearly liquidating their position. The final bill is in front of us — a cumulative loss of over $12 million, with a drop of 62%.
From hopeful large purchases to a disheartened exit, this transaction reflects the market's ruthless fluctuations. For those traders who went All in on a single coin, this might be a significant lesson.
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This Token PUMP is really something, it went from a buyout to a 50% Slump in less than two months, this Whale is really suffering
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This is the outcome of going all in on a single coin, I've seen too many stories like this
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The cost of 0.00513 just couldn't be held, the market is this ruthless
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As soon as FalconX makes a move, you can tell if it's there or not, I can already imagine the scene of Cut Loss transitioning out
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That's why I never go all in on a single Token, Risk Management is the way to go
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3.8 billion coins... from the peak to now, how much mental strain must this be
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Going all in on a single coin ended up like this, should have learned the lesson earlier.
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Bought in at 19 million, now only left with 7.3 million, this is called being taught by the market.
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Whales also have to kneel, no coin is stable.
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Watching the account go from green to red, that feeling must be so painful...
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This guy is most likely smashed in by high position FOMO.
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A 62% fall indicates that this round of PUMP is really over.