$1.37 million in one week! Big whales close positions on PUMP and NEAR, why are WIF long positions left untouched?

Yili Hua’s opposing whale account (a giant whale wallet operating in the opposite direction) recently completed a successful round of trading. According to on-chain data, this account has profited approximately $1.373 million over the past week through position gains, and has recently closed long positions in PUMP and NEAR. Currently, it still holds a 5x leveraged WIF long position. The strategic choices behind this may reflect subtle changes in the current altcoin market.

The Whale’s Profit Ledger

This account’s trading record is quite solid. According to Hyperbot data, out of a total of 34 trades, 24 were profitable, with a win rate of 70.59%, and a net profit exceeding $5.3 million. More notably, when Yili Hua increased his Ethereum holdings, this whale decisively opened Ethereum short positions worth over $100 million — indicating that this whale not only has extensive trading experience but also clear market views and risk hedging awareness.

Closed and retained coins

This choice is quite interesting. PUMP and NEAR are both altcoins, but the whale chose to close these positions while retaining the WIF long. Based on data, PUMP has gained 23.39% over the past 7 days and 9.83% in the last 24 hours. Given this increase, the holdings have indeed been profitable. The decision to close may imply that the whale believes this wave of altcoin rally has reached a relatively high level or that there is a lack of momentum for further short-term gains.

Interpretation of Market Signals

The rhythm of the altcoin cycle

Related information mentions a “gradient diffusion” bull market theory: the first stage involves mainstream coins launching, the second stage sees quality altcoins catching up, and the third stage is Meme coin frenzy. According to this logic, PUMP, as a Meme coin with strong meme characteristics, has already experienced a rally. The whale closing PUMP and NEAR might be judging that this rapid rise in altcoins has come to an end, and the market may enter a correction phase.

Contrasting with Yili Hua’s strategy

This opposing account has a very special identity—it operates in the opposite direction of Yili Hua. Yili Hua is increasing his Ethereum holdings, optimistic about a bull market in 2026; meanwhile, this whale previously shorted Ethereum with $100 million and now has closed its altcoin longs. This contrasting strategic choice reflects differing market opinions and collision of viewpoints. The whale’s 70% win rate suggests its judgments are often accurate, and its recent closing decision is also worth investor attention.

Possible Future Trends

From this whale’s behavior, it seems to be making the following judgments:

• In the short term, the upward momentum of altcoins like PUMP and NEAR may slow down
• WIF, as a relatively newer Meme coin, may still have short-term upside potential
• Overall, the market might be transitioning from a “broad altcoin rally” phase to a “selective coin differentiation” phase

This aligns with typical market patterns. In mid-bull markets, not all altcoins can sustain gains; often only those that attract capital continue to perform well.

Summary

This whale’s decision to close positions after earning $1.37 million in a week sends several key signals: firstly, altcoins are indeed profitable, but this rapid rally may be nearing its end; secondly, different coins perform differently during a bull market, and closing PUMP and NEAR while retaining WIF indicates selective targeting; finally, the account’s historical win rate and contrasting strategies offer valuable insights for investors—diverse market voices often help us better understand risks. For investors, the key takeaway is that profit-taking during altcoin seasons is equally important, and chasing every wave of gains is unnecessary.