Huang Licheng's long position on ETH/HYPE/PUMP has basically given back all of his previous profits of $22.45 million

He started buying HYPE through spot and futures trading at $27.5 in mid-May and ETH at $2,654 in late May, earning a profit of $22.45 million by late July. However, after the market began to correct in August, his long positions in ETH/HYPE/PUMP began to lose money, reducing his $22.45 million profit to $3.5 million to date.