Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto Whales Suffer Millions in Losses as Two Popular Tokens Plunge

Crypto Whales Suffer Millions in Losses as Two Popular Tokens Plunge

Cryptodnes2025/02/03 01:44
By:Cryptodnes

Blockchain data reveals that a major investor who made a substantial bet on the artificial intelligence token AI16Z has suffered significant losses.

Just 24 days ago, the whale spent $2.91 million to establish a position, purchasing tokens at an average price of $2.17. However, with the token now down 77% from its peak, the investor’s holdings have plunged in value, resulting in a $2.14 million loss.

Further analysis of on-chain activity shows another high-stakes trader facing losses. This second whale recently bought into TRUMP , a memecoin, acquiring 92,700 tokens for $2.8 million on January 28, when the asset was experiencing a brief rebound.

However, as the price continued to decline, the investor exited the position, selling all holdings at an average price of $23.82. The rushed exit resulted in a loss of $590,000.

READ MORE:
Major Crypto Investor Faces Significant Losses After Recent Sell-Off

The movements of large-scale investors often draw attention in the crypto space, especially when major losses occur. With market volatility persisting, the latest whale trades highlight the risks even experienced players face when making high-value speculative bets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Spanish police arrests trio in UK crypto broker kidnap

Share link:In this post: Spanish police have released footage showing the moment kidnappers involved in the abduction of a crypto broker were arrested. The police revealed that they held the trader hostage, demanding a ransom of £25,000 before they released him. The criminals have been remanded in prison after appearing in court for their crimes.

Cryptopolitan2025/02/09 15:11

WazirX releases creditor list and balances snapshot

Share link:In this post: WazirX has made a creditor list and balance snapshot (as of July 18, 2024). Creditors can verify their claims using a balance snapshot and UUID-based creditor list, ensuring data privacy. Users can request to inspect other creditors’ claims while maintaining privacy protections.

Cryptopolitan2025/02/09 15:11

DarkFi launches anonymous app in alpha

Optimisus2025/02/09 14:44