Whale Goes 12-for-12 on This Altcoin in a Week, Earning $2.1 Million!

Crypto investor Machi closed two more PUMP trades at a profit, bringing his winning streak to 12 in a week and his total profits to $2.14 million.

According to a post by Lookonchain dated October 5, Machi’s winning streak on PUMP trades continues. The investor made headlines on October 2 after recording 10 consecutive profitable trades in five days and earning $1.34 million. With his latest two trades, he added approximately $801,000 to his profits.

Latest two trades brought in approximately $801,000

The larger of the two newly closed long positions was worth 1.575 billion PUMP. The position, which remained open for approximately 41 hours, generated a net profit of $762,464. In the other trade, a 175 million PUMP position was closed after 38 minutes, earning approximately $38,526.

As a result, all 12 trades closed within a week in the series of bets on PUMP’s price rising ended in profit.

Latest on the whale’s new PUMP position

Machi’s trades in this altcoin aren’t over. At the time of the post, the 425 million PUMP long position he was holding open was worth approximately $2.72 million. The position had an unrealized loss of approximately $38,238.

The whale’s other open long positions included $92.98 million in Ethereum, $39.41 million in Bitcoin, and $15.84 million in HYPE. The four positions totaled approximately $151 million.