Whale's 2.2 billion PUMP transfer to FalconX, increased holdings in March, now facing a $5 million unrealized loss

【Blockchain Rhythm】Recently, an interesting whale movement has attracted attention. On the early morning of December 13th, on-chain monitoring data showed that a large holder transferred 2.299 billion PUMP tokens to a trading platform through two related wallets, with a market value of approximately $6.3 million.

Looking at this whale’s history is quite interesting—over the past three months, this guy has been continuously entering PUMP. The problem is, the entry rhythm is a bit unlucky. When he first took over, he happened to buy near the high point, and then continued to add positions during several market pullbacks, rarely reducing his holdings.

Now, this transfer of 2.299 billion has sparked some speculation. If this is in preparation for a sale, clearing these positions at the current price would result in an unrealized loss of about $5 million on paper. Some speculate that this could be an arbitrage operation or a temporary transfer on a specific platform, but based on the holding cost and market trend, this large holder is indeed facing significant unrealized losses.