Blood loss of 900,000 still selling off 130 million PUMP! The giant whale 'panic sell' reveals the deadly trap of meme coins, and another terrifying sell-off appears in the crypto world! On August 8, a mysterious address monitored by Lookonchain sold off 130 million PUMP at an average price of $0.0033 within 6 hours, cashing out 424,700 USDC—what's more heartbreaking is that this address still holds 1.17 billion PUMP, with an unrealized loss of up to 898,000 USD! The operation of 'running even at a loss' is tearing apart the facade of meme coin frenzy.
1. The Stop-Loss Logic of the Giant Whale, Cost Higher than Current Price!
Let’s do the math: Currently, 1.17 billion PUMP is valued at 3.92 million USD, plus the already cashed out 420,000, the total cost is about 4.348 million. If we backtrack based on total holdings (1.3 billion), the cost price is about $0.00335, higher than the selling price! This means the giant whale knows that 'cutting losses' is still selling, essentially predicting that the future market will drop even worse. When the big players start to recognize their losses and stop-loss, retail investors are still fantasizing about 'bottom fishing for a rebound', which is akin to gambling against market trends and giant whale selling pressure.
2. The Deadly Weakness of Meme Coins, Consensus Collapse Equals Avalanche The core logic of meme coins is never value, but 'consensus bubble'. Once a giant whale starts selling, small coins with poor liquidity will instantly avalanche—PUMP's market cap already relies on speculation, and large sell orders will not only crash the price but also undermine the confidence of holders, triggering a 'long kill long' stampede.
What’s even scarier is that this is just the action of a single address; who knows how many giant whales are secretly preparing to crash the market?
3. A Warning to Retail Investors: On-chain Data is a 'Mirror' The movements of giant whales, holding costs, and selling pressure are hidden in on-chain data, revealing the most authentic market expectations. Don't be blinded by the myth of overnight wealth from meme coins; when giant whales start to stop-loss, you may think you're bottom fishing, but in reality, you're picking up the pieces of an abyss.
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On-chain data never lies, but human greed will always prevail
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