According to PANews, blockchain analyst @ai_9684xtpa reports that despite PUMP token reaching new highs, prominent investor Huang Licheng, known as 'Maji Da Ge,' has incurred a cumulative loss of $4.334 million per token. Out of his 28 settled positions, only two were bearish. However, a significant market drop after PUMP's launch resulted in a $7.12 million loss for him. If he had held on, he would have profited significantly. Subsequent bullish positions have only managed to break even.
Interestingly, after PUMP hit a historic high yesterday, Huang Licheng increased his position fivefold at an average entry price of $0.008476. He currently holds a position valued at $11.45 million, with an unrealized loss of $804,000.
