10-for-10 on This Altcoin in Five Days: Made $1.3 Million!

According to data from Lookonchain, crypto investor Machi made a total profit of $1.34 million by completing 10 consecutive profitable PUMP trades in five days.

Machi’s run of PUMP trades drew attention with the gains generated in a short time. In a post dated October 2, Lookonchain reported that the investor closed all 10 PUMP trades from the past five days at a profit.

Biggest visible trade nets $828,000

The visible section of the shared trading screen shows nine completed PUMP long trades, all with net profits. The largest gain among these records is approximately $828,000. As a result, one of the visible trades accounts for a large portion of the reported total profit.

About $144 million in longs on Bitcoin, Ethereum and HYPE

The investor’s open positions also point to expectations of rising prices. The post shows long positions worth about $92.6 million in Ethereum, $35.2 million in Bitcoin and $16.2 million in HYPE.

The panel shows a total open interest value of $143.94 million, while account equity is approximately $11.2 million. The leverage ratio is around 13x.

Despite the five-day winning streak, the overall picture shows a loss

Despite the recent string of gains on PUMP, the panel shows a total profit/loss of approximately minus $23.8 million across all perpetual futures trades. So while the investor’s PUMP performance over the past five days has been strong, losses from their broader trading history have yet to be recovered.