「Big Brother Whale」 Huang Licheng recently went long, causing him to give back over 20 million US dollars in profits.

By: theblockbeats.news|2025/08/03 01:42:24

BlockBeats News, August 3rd, according to cinder monitoring, Big Brother MaJi Huang Licheng's long position on ETH/HYPE/PUMP this time has basically given back all of the $22.45 million in profits he had previously made on ETH and HYPE.

Starting from mid-May at $27.5, he began longing HYPE through spot + futures, and started longing ETH at $2,654 at the end of May. By late July, his profits had soared to $22.45 million.

As the market began to pull back in August, his long positions on ETH/HYPE/PUMP started to lose money, and he has now given back the previous $22.45 million profit, down to $3.5 million.

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True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models