๐ฅ **Updated Latest News: MON Whale Deep in the Red as Unrealized Losses Hit โ$704K**
A major **$MON whale is facing massive pressure**, trapped in a long position that has been bleeding for over a month.
The whale entered a **1ร isolated long at $0.144944 on October 8**, but with MONโs mark price now at **$0.0325**, their unrealized loss has exploded to **โ$704,662**, reflecting a staggering **โ346% ROE**.
### ๐ Key Developments:
* The whale currently holds **6,265,342 MON**, valued at just **$203.4K**.
* From **Oct 9 to Nov 11**, they attempted damage control, closing multiple tranches of **100Kโ181K MON**, but only managed to realize **$47,396 in losses**.
* No dip-buying, no averaging down โ the strategy has been **pure risk-reduction**, yet the core position remains heavily underwater.
* Market analysts say this is one of the **largest stuck MON long positions** on-chain this month.
### ๐งจ Whatโs Next?
The whale now faces a pivotal moment:
**Capitulate now and lock in massive lossesโฆ or hold and pray for a MON recovery?**
Market sentiment remains mixed, with volatility increasing around MON ecosystem discussions.
#MONWhale #CryptoAlert #MonadEcosystem #MarketPressure #WhaleWatch
