Taiwanese singer and prominent BAYC NFT whale, Jeffrey Huang, is reportedly facing substantial unrealized losses of $3.86 million on his investment in the PUMP token. According to onchain data reported by Lens, the price of PUMP has dipped below its presale price of $0.004 USD. Huang had taken a 5x long position on PUMP, indicating a bullish bet on the token's performance. In addition to PUMP, he also holds leveraged positions on Ethereum (ETH) and HYPE, with 25x and 5x long positions respectively. The combined unrealized losses across these positions amount to approximately $2.3 million. The situation highlights the inherent risks associated with leveraged trading in the volatile cryptocurrency market, even for seasoned investors like Jeffrey Huang. While Huang's previous successes in the NFT space are well-documented, this instance serves as a reminder that no investment is immune to market fluctuations. Further developments regarding Huang's portfolio and PUMP's price action remain to be seen. ```

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