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

What Are The Key Support And Resistance Levels For Ripple (XRP) During The Market Decline? Analysis Company Reveals

Cryptocurrency analytics firm MakroVision has taken a look at the XRP price situation during the market decline.

Bitcoinsistemi2025/02/03 02:55

In this Altcoin, Developers Say “There is Manipulation Because We Allocate Too Few Tokens to Ourselves”, Demand More Tokens from the Community

Developers in one altcoin project attributed price volatility and manipulation to the fact that they had too few tokens.

Bitcoinsistemi2025/02/03 02:55

400 Million XRP Worth $1.13 Billion Unlocked: But There’s One Thing to Know

Although 400 million XRP have been unlocked, according to Onchain data, this is a planned unlock and most coins will not be sold.

Bitcoinsistemi2025/02/03 02:55

Are the Applications of ETF Applicants DOGE, XRP, SOL, LTC, BONK, MELANIA Altcoins Likely to be Approved? CEO Evaluated

Is there a possibility that the ETF steps that have been put forward recently for various cryptocurrencies, including memecoins, will come true?

Bitcoinsistemi2025/02/03 02:55