Crypto Whale’s Jaw-Dropping 1085 ETH Purchase of 1514 MKR!

This unexpected move resulted in a staggering loss of $1.36 million for the investor, making waves in the crypto community.

一个在近期连续止损卖出 MAGIC、ARB、RDNT，实现亏损 $1.36M 的鲸鱼。
在 1 小时前使用 1085 ETH 买入 1514 MKR($1.73M)，均价 $1143。

他在 2022/12-2023-2 期间买入 291 万 MAGIC，成本 $0.75。
他买入后 MAGIC 上涨过 3 倍，不过他没有出售，直到近期亏本售出。

推文由 @Bitget_zh 赞助 pic.twitter.com/8OeS9RT63Q

— 余烬 (@EmberCN) September 13, 2023

However, the most striking revelation came when the same executed a daring buy order. Just one hour ago, they used 1085 ETH to acquire a substantial 1514 MKR, valued at approximately $1.73 million. What’s noteworthy is that this transaction occurred at an average price of $1143 per MKR, marking a significant entry point into the Maker (MKR) market.

Digging deeper into the whale’s portfolio, it was revealed that they had previously accumulated a whopping 2.91 million MAGIC tokens between December 2022 and February 2023. These tokens were purchased at the modest cost of $0.75 each. While MAGIC experienced a remarkable threefold increase in value since its acquisition, the whale chose not to capitalize on this surge and instead sold the tokens at a recent loss.

The crypto community has been left both intrigued and puzzled by this high-stakes crypto drama. The whale’s decision to switch gears from selling low to buying high, along with their reluctance to cash in on MAGIC’s impressive gains, has sparked debates about risk management and market speculation.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source