📉 KHI DIAMOND HAND VỠ VỤN: WHALES CUT LOSS OF 10 MILLION USD AFTER A SERIES OF DAYS HOLDING LOSSES

The cryptocurrency market has just taught investors a valuable lesson about risk management: Even whales with massive capital can be crushed by the market if they choose the wrong civilization.

The most typical example is this whale that just executed a bloody asset liquidation.

🔷 In the past 48 hours, instead of HODLing with hopes of recovery, this whale decided to sell off assets en masse to recover USDC:

- Meme deal $BRETT : This is the most painful loss in terms of proportion. The whale dumped 35.45 Million tokens but only managed to retrieve a mere $310,459.

- The loss reached up to 3.07 Million USD shows that the value of this investment has nearly evaporated before being sold.

- Deal $AERO : Dumped 3.59 Million tokens to recover $1.39 Million. Accepted a loss of 3.66 Million USD.

Deal $VIRTUAL : Sold out to incur a loss of 1.76 Million USD.

🔶 The panic sentiment seems to be ongoing. Onchain data shows that this whale has also started dumping ANDY tokens. At the current price, this position is recording an additional loss of 1.615 Million USD.

🔶 The total losses realized and still holding of this wallet have exceeded 10 Million USD.

- The continuous selling action to hold USDC signals a complete capitulation.

- This whale seems to have lost all faith in the short-term recovery potential of these Altcoins.

The act of a big player dumping millions of USD worth of low liquidity tokens into the market will create immense selling pressure; small investors need to be cautious when catching falling knives in these assets.

This article is for reference only.