Machi’s 12-Trade Winning Streak Nets $2.1 Million in PUMP Profits

Crypto investor Machi has extended his winning streak to 12 profitable trades in a single week, amassing a total profit of $2.14 million. The latest updates from Lookonchain, posted on October 5, reveal that Machi closed two more successful trades on PUMP, an altcoin, adding approximately $801,000 to his earnings.

The two most recent trades included a long position worth 1.575 billion PUMP, held for about 41 hours, which generated a net profit of $762,464. Another trade involved a 175 million PUMP position closed after just 38 minutes, earning around $38,526. All 12 trades within the week resulted in profits.

Despite his recent success, Machi still holds an open long position in PUMP worth approximately $2.72 million at the time of the post, with an unrealized loss of about $38,238. His other open positions include significant holdings in Ethereum ($92.98 million), Bitcoin ($39.41 million), and HYPE ($15.84 million), totaling around $151 million.

Machi initially gained attention on October 2 after recording 10 consecutive profitable trades in five days, earning $1.34 million. His current winning streak highlights his strategic approach to trading altcoins, particularly PUMP.