The original whale $PYTH cut his $20 million loss in desperation. How much pressure is PYTH under?
On chain data has just exposed a bloody run when an early investor wallet Early Holder accepted to dump 4 million $$PYTH okens to liquidity despite the price being divided many times compared to the peak.
🔹 The total realized loss this whale wallet had to bear reached a massive $20.22 million equivalent to a loss of over 34% on total initial investment the average entry price of $0.55 is now just a memory
🔸 Selling up to 91% of total holdings amidst deep price drops shows complete loss of confidence from strategic shareholders in the project short term recovery ability
🔹 Signals from the derivatives market darken the picture further as Funding Rate drops deep into negative territory and dumping volume on Binance spikes showing short sellers are in full attack
🔸 The sudden balance drop of nearly 19.5 million PYTH from large wallets confirms this is not an isolated action but a widespread distribution wave by big player
Do you dare to catch the PYTH falling knife when those who know the project best are fleeing?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
