Hey there, crypto enthusiasts! If you’ve been keeping an eye on the wild world of meme coins, you’ve probably heard about Machi Big Brother, a big name in the crypto and NFT space. Recently, the folks at Lookonchain dropped a bombshell on Twitter about Machi Big Brother closing his long positions on $PUMP, a popular meme coin, and taking a hefty loss. Let’s dive into the details and figure out what’s going on!

The $PUMP Price Surge and Machi’s Moves

As of today, Thursday, July 31, 2025, at 11:32 AM +07, the $PUMP price is on the rise, giving traders a bit of excitement. However, Machi Big Brother, known for his bold moves in the crypto market, is stepping back. According to the latest update from Lookonchain, he’s been closing his long positions on $PUMP, even though it means a loss of $4.47 million. A "long position" simply means he bet that the price of $PUMP would go up, but things didn’t pan out as hoped.

The images shared in the tweet give us a peek into his wallet activity. Check this out:

This screenshot shows multiple "Close Long" transactions, where Machi is selling off his $PUMP holdings. Some of these trades happened just minutes ago, with amounts ranging from 5,000 to over 2.48 million $PUMP tokens. The prices hover around $0.0032, and the losses are stacking up fast.

Who Is Machi Big Brother?

For those new to the scene, Machi Big Brother—also known as Jeffrey Huang—is a heavyweight in the crypto world. He’s made a name for himself through massive trades in the Bored Ape Yacht Club (BAYC) NFT community and his ventures in decentralized finance (DeFi). His wallet, holding a whopping 4.175 billion $PUMP tokens (worth about $13.3 million despite the loss), shows he’s still a major player. But this recent move has raised eyebrows.

Why the Loss?

So, why is Machi taking such a hit? Meme coins like $PUMP are known for their wild price swings. They’re often driven by hype, community support, and sometimes a bit of FOMO (fear of missing out). However, they can also crash just as quickly. Machi’s earlier bets on $PUMP, as noted in a previous Lookonchain post, already cost him over $10 million, with $2.17 million lost on spot trading and $8.14 million on perpetual futures (perps). Closing these positions now might be a strategic retreat to cut further losses as the market shifts.

What Does This Mean for $PUMP?

The $PUMP token, part of the Blast Ecosystem, has seen its price climb recently, but Machi’s exit could signal caution. Some traders might see this as a red flag, while others might jump in, hoping for a bigger pump. The meme coin market is all about timing, and Machi’s loss could either scare off investors or spark a debate about the token’s long-term value.

If you’re into meme coins, you might wonder what drives $PUMP. It’s likely a mix of community hype and trading strategies, but without the backing of a major player like Machi, its momentum could wane. Keep an eye on platforms like CoinMarketCap for real-time updates on $PUMP’s price and market cap.

Lessons for Crypto Traders

This situation is a great reminder of the risks in crypto trading, especially with leveraged positions. A "long position" with leverage (like the HIP-2 method shown in the images) can amplify gains but also magnifies losses if the market turns. Machi’s experience highlights the importance of timing and risk management—something every blockchain practitioner should take to heart.

Stay Tuned at Meme Insider

At Meme Insider, we’re all about keeping you in the loop with the latest meme coin news. Whether it’s $PUMP’s rollercoaster ride or Machi Big Brother’s next move, we’ve got you covered. Drop a comment below or join our community to share your thoughts on this wild turn of events!

What do you think—will $PUMP bounce back, or is this the end of the road for Machi’s involvement? Let us know!