TL;DR
- A PUMP whale liquidated 100% of its position by transferring 3.8 billion tokens to FalconX, realizing a loss of nearly 62%.
- The wallet 3QB9kH accumulated PUMP between September and November at an average price of $0.00513 and closed the position at $0.001739 after a 71% drop over 90 days.
- Another whale moved 16 million ENA tokens to Coinbase Prime, taking a loss of more than $14 million.
A PUMP whale liquidated its entire position and locked in one of the largest recent losses within the memecoin market.
The wallet identified as 3QB9kH transferred roughly 3.8 billion PUMP tokens to FalconX, closing a position that had been built gradually between September 12 and November 4. The average acquisition cost was $0.00513 per token, primarily through purchases on Binance.
At the time of the exit, the position was valued at around $7.3 million. The invested capital exceeded $19.5 million. The gap results in a realized loss of more than $12 million, equivalent to a drawdown of nearly 62%. The sale was neither partial nor staggered: the whale fully exited its exposure to the token.
PUMP Fell 71% Over the Last 90 Days
PUMP has posted a decline of more than 71% over the past 90 days. In the last 24 hours, the token dropped 11.8% and is currently trading around $0.001739. Within the top 100 by market capitalization, the memecoin remains among the worst-performing assets of the period, after simultaneously losing the strength it had shown during the initial memecoin wave.
Meanwhile, another whale transferred more than 16 million Ethena (ENA) tokens to Coinbase Prime after holding the position for nearly a year. That holding peaked at over $18 million in value. At the time of the sale, its value had fallen to approximately $3.5 million. ENA is down more than 67% over the last 90 days and is trading near $0.195.
The Market Continues to Correct
The total crypto market capitalization fell by more than 3% over the past 24 hours and remains below $3 trillion. Bitcoin declined by roughly 2.5% over the same period, with its price hovering around $87,760. Memecoins, meanwhile, are posting even steeper declines.
The pattern is clear: the sharpest exits are concentrated in assets that depend heavily on speculative capital flows
