Ethereum News Today: Huang Licheng Closes PUMP and YZY Positions, Holds $3.12M ETH Profit

Huang Licheng, a prominent figure in the cryptocurrency market known as “Machi Big Brother,” has closed his long positions in PUMP and YZY, according to on-chain data from Onchain Lens and KuCoin [3]. The move leaves him with a significant ETH long position, which is currently generating an unrealized profit of $3.12 million [1]. This strategic shift highlights a reallocation of assets amid ongoing volatility in the speculative tokens Licheng previously held [2].

The closure of the YZY position, in particular, has drawn attention due to the token’s association with high-risk trading patterns and recent market activity. YZY, a Solana-based token, has experienced significant price swings and remains listed on major exchanges such as Bitget, KuCoin, and Toobit. Despite a 24-hour trading volume of approximately $98 million and a circulating supply of 130 million tokens, the asset currently ranks 552 on CoinGecko with a market capitalization of BTC808.0395 [4].

Licheng’s exit from YZY and PUMP may signal a broader trend among major investors to move away from high-volatility assets toward more established cryptocurrencies like ETH. Ethereum continues to demonstrate stronger adoption and performance compared to speculative tokens. The decision aligns with increased scrutiny in the market for assets like PUMP and YZY, which have faced concerns over manipulation and liquidity risks [1].

His trading strategy, characterized by large leveraged positions and strategic entry and exit points, has historically had a measurable impact on market liquidity and volatility [2]. The closure of his YZY position coincides with a period of flat performance for the token, which currently trades at approximately 75.60% below its all-time high [4]. Licheng’s actions may influence retail investor sentiment, as major traders are often closely followed for market signals.

The broader crypto market has shown mixed performance in recent weeks, with the global market rising by 0.50% over the past seven days. However, YZY has not participated in this upward trend, remaining relatively flat against its peers [4]. This divergence underscores the token’s underperformance and potential for further volatility.

Licheng’s continued ETH position suggests confidence in the asset’s trajectory amid ongoing market uncertainty. The decision to maintain a leveraged long position in ETH reflects a calculated move to capitalize on potential market shifts and liquidity adjustments, particularly as major on-chain activity continues to highlight whale-driven market dynamics [3].

Source: [1] KuCoin – [https://www.kucoin.com/news/flash/huang-licheng-closes-multiple-long-positions-holds-3-12m-profit-in-eth](https://www.kucoin.com/news/flash/huang-licheng-closes-multiple-long-positions-holds-3-12m-profit-in-eth)

[2] CoinMarketCap – [https://coinmarketcap.com/community/articles/68a98d91e723571d740b3897/](https://coinmarketcap.com/community/articles/68a98d91e723571d740b3897/)

[3] Phemex – [https://phemex.com/ko/news/article/huang-licheng-closes-long-positions-retains-312m-eth-profit_15913](https://phemex.com/ko/news/article/huang-licheng-closes-long-positions-retains-312m-eth-profit_15913)

[4] CoinGecko – [https://www.coingecko.com/en/coins/yzy](https://www.coingecko.com/en/coins/yzy)