On-chain data tracking shows that an active Large Investors Address has been continuously buying PUMP from a leading exchange from mid-September to early November this year, accumulating a total of 3.806 billion tokens over three months, with a total investment of about 19.53 million USD, averaging a cost of 0.00513 USD per token.

As the chips piled up, this whale ultimately decided to take action 3 days ago - transferring all 3.806 billion PUMP (worth about 7.3 million USD at the time) to FalconX in preparation for cashing out. However, the results were not ideal. From buying to final liquidation, the loss on this transaction reached 62%, directly wiping out over 12 million USD.

This case is quite heartbreaking. The average purchase price was $0.00513, but it could only be sold at a lower price. Market fluctuations, liquidity constraints, and timing mistakes—any one of these factors can turn what seems like a solid position-building plan into a deep loss. For ordinary investors, this is also a reminder: even with a large amount of capital, it's hard to avoid pitfalls.