The abrupt move occurred just 7 hours ago and was marred by a substantial loss of $2.9 million for the investor.
A whale dumped 10,600 $ETH($17.2M) at a price of $1,622 7 hrs ago, with a loss of $2.9M.The whale traded a total of 18 tokens, and only 4 tokens were profitable, with a win rate of 22%.He currently has a profit of $10.8M on $ETH, but lost $3.6M on $PDT and $1.3M on $MPL. pic.twitter.com/GzPl8WyHx6
— Lookonchain (@lookonchain) August 23, 2023
The gravity of the situation becomes more apparent when examining the extensive portfolio maneuvering this whale executed. Trading a total of 18 tokens, the investor’s trading prowess seemed to waver, with only 4 tokens emerging as profitable ventures. This lackluster performance led to a win rate of a mere 22%, highlighting the challenges even seasoned traders face in the volatile crypto landscape.
Despite the mixed results, the investor’s current financial status appears to be on a rollercoaster. Riding on the coattails of a resurgent ETH market, the whale has managed to amass a noteworthy profit of $10.8 million through its ETH holdings. However, this glimmer of success is juxtaposed with losses incurred elsewhere. The investor finds themselves in the red with a deficit of $3.6 million attributed to the PDT token and an additional $1.3 million loss linked to the MPL token.
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