Whale exit? The giant whale holding PUMP for six months suddenly shifts to Hyperliquid, facing over $1.5 million in losses

On-Chain Data Monitoring Platform Lookonchain today detected a noteworthy large holder movement. A super whale address has quietly started to act after holding positions for half a year.

According to monitoring data, this whale spent 3 million USDC during the public sale phase, purchasing 750 million PUMP tokens through two wallet accounts. Over the six months, the address remained inactive, but in the past few hours, a change has occurred.

Key Action

The whale suddenly transferred the 750 million PUMP tokens into Hyperliquid exchange. At the current market price, this amount is worth approximately $1.47 million. If fully sold, the final outcome of this investment would be a loss of $1.53 million, a decline of 51%.

Market Implication

This shift from holding to transfer signals a clear risk warning. Large holders’ liquidity preparations often indicate a change in market expectations. Whether actively reducing risk exposure or being forced to cut losses, such movements warrant close attention from market participants.

As a relatively young project, PUMP experiences significant price volatility and has limited market depth. Large transactions often reflect real-time judgments by savvy investors.