After More Than a Year of Silence, This Whale Is Back.
A wallet that had been inactive for over a year has suddenly come back to life. Few hours ago, whale 4z56a1 spent 5,000 $SOL (around $358K) to buy 242.66M PUMP.
The wallet has an interesting history. More than a year ago, it bought 10,957 SOL for about $2.6M at an average price of $237 and staked the entire position.
Even after earning 1,206 #SOL in staking rewards, it's still sitting on an unrealized loss of more than $1.7M (-66%) as SOL r...
Guys, look at this trader ๐ He's got a long position on $SOL entry price $152, which was months ago... now look here, this is exactly where risk management matters if this guy had a proper plan with risk management, he would never have held this trade for so long ๐
If he had set a stop loss, the loss wouldn't have gotten this big. If he had booked the loss back then, he wouldn't have to wait this long today or hold onto this trade. That's exactly why, my brothers, risk management is everyt...