Whales just locked in $27M of pure pain.
By Maxime Laurent · 2025-12-23 09:02
Whales just locked in $27M of pure pain.
Two big players exited ENA and PUMP at massive losses, showing how brutal this cycle has been for alt bets.
I saw this and just leaned back in my chair. No drama, no panic — just that quiet crack sound portfolios make when hope finally leaves the room 🌬
Two whales. Two full exits. Almost $27 million gone.
First one: wallet 0x72F8.
They sent 16.86M $ENA to Coinbase Prime and closed the book. Bought roughly a year ago for $18.5M, sold for around $3.5M.
That’s -$15M, or -81%. No hedge. No miracle bounce. Just acceptance.
Second story hurts just as much.
Trader 3qb9kh fully exited $PUMP. Accumulated between September and November for $19.5M. Sold everything for about $7.3M.
Result: -$12M, or -62%.
What gets me isn’t the numbers — whales can survive losses.
It’s the timing. These exits feel like capitulation, not rotation. The kind of sell where you don’t care about the price anymore, you just want out.
This is what late-cycle alt pain looks like.
Not explosive crashes. Not panic candles. Just slow, grinding realization that the narrative didn’t age well.
And if whales are throwing the towel like this… you know retail has already been bled dry. Dur dur.
No moral here. Just a reminder:
Size doesn’t protect you from bad timing. Conviction doesn’t save you from cycles. Only risk management does.
Stay sharp 🌊
#Crypto #Whales #Altcoins #ENA #PUMP #Capitulation #CryptoMarket #CryptoFriture
Two big players exited ENA and PUMP at massive losses, showing how brutal this cycle has been for alt bets.
I saw this and just leaned back in my chair. No drama, no panic — just that quiet crack sound portfolios make when hope finally leaves the room 🌬
Two whales. Two full exits. Almost $27 million gone.
First one: wallet 0x72F8.
They sent 16.86M $ENA to Coinbase Prime and closed the book. Bought roughly a year ago for $18.5M, sold for around $3.5M.
That’s -$15M, or -81%. No hedge. No miracle bounce. Just acceptance.
Second story hurts just as much.
Trader 3qb9kh fully exited $PUMP. Accumulated between September and November for $19.5M. Sold everything for about $7.3M.
Result: -$12M, or -62%.
What gets me isn’t the numbers — whales can survive losses.
It’s the timing. These exits feel like capitulation, not rotation. The kind of sell where you don’t care about the price anymore, you just want out.
This is what late-cycle alt pain looks like.
Not explosive crashes. Not panic candles. Just slow, grinding realization that the narrative didn’t age well.
And if whales are throwing the towel like this… you know retail has already been bled dry. Dur dur.
No moral here. Just a reminder:
Size doesn’t protect you from bad timing. Conviction doesn’t save you from cycles. Only risk management does.
Stay sharp 🌊
#Crypto #Whales #Altcoins #ENA #PUMP #Capitulation #CryptoMarket #CryptoFriture
Disclaimer: This content is for informational purposes only and not financial advice.