Last night, a large whale transferred nearly 2.3 billion PUMP tokens to an exchange, worth over $6 million. On the surface, it looked like a bottom-fishing move, but behind the scenes, there’s a story of a $5 million loss.

This whale started buying near the recent high three months ago, adding more as the price fell—full of confidence at the time. But what happened? The deeper it bought in, the more it lost, ultimately choosing to cut losses and exit. This isn’t bottom-fishing; it’s digging a pit.

Sounds pretty ironic— even players holding large sums of money can stumble. Their failure logic is actually very simple: blind faith plus increasing bets, ultimately turning into an endless trap.

Many people believe they are making long-term arrangements, but in reality, they are just long-term trapped. The market never shows sympathy to anyone, whether you’re a whale or retail investor. When the big players can’t hold on, can your small chips really last till the end?

There’s a point worth reflecting on: blind persistence requires stubbornness, but timely stop-loss takes courage. In the crypto world, surviving is always more important than making money. You can be wrong once, but you can’t keep making mistakes forever. Understanding why others lose helps you see the way forward. The most important thing isn’t predicting every fluctuation, but ensuring you’re still in the game.