In the world of Crypto Assets trading, there are no eternal winners. Even the top traders known as 'Maji Dage' cannot escape the influence of market Fluctuation.

Recently, on-chain data analysis shows that this well-known trader faced a heavy blow in his operations on the PUMP token. He had to liquidate his 5x leveraged long position on PUMP, resulting in a loss of 7.76 million dollars. Not only that, but he also cleared all his PUMP holdings in the spot market, incurring an additional loss of 2.18 million dollars.

However, the predicament of Brother Maji did not end there. He still holds long positions in ETH (25x leverage) and HYPE (5x leverage), with current fluctuations leading to a loss of up to 13.5 million dollars. This series of losses has caused his overall profit to plummet from the previous 26 million dollars to 3.8 million dollars.

What is even more lamentable is that this trader started to go long on HYPE at a price of $27.5 through a combination of spot and contract around mid-May, while going long on ETH at a price of $2,654 at the end of May. By late July, these operations brought him a profit of up to $22.45 million.

However, in August, the market began to pull back, and the situation took a sharp turn for the worse. His long positions in ETH, HYPE, and PUMP started to incur losses. As of now, nearly all of the previous $22.45 million profit has been given back, leaving only $3.5 million.

This series of events once again proves that even experienced traders cannot fully predict and control market trends. In the highly fluctuating market of crypto assets, excessive confidence and aggressive operations can bring significant risks. For ordinary investors, this is undoubtedly a lesson worth contemplating, reminding us to remain calm and rational while investing and to manage risks appropriately.