A whale spent 2.5 million USDC to build a LIBRA position three hours ago and then sold it at a loss of nearly $700,000

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ODAILY
02-16
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Odaily reported that according to on-chain analyst @ai_9684xtpa, in the past 24 hours, there have been over $1 million-level transactions in LIBRA, which are all swing trades. Among them, the whale 5AS99...H48Sm seems to be shorting, losing $695,000 in seven minutes. Three hours ago, it spent 2.5 million USDC to buy in at an average price of $0.5206, and just five minutes after building the position, it plummeted, so it had to sell in batches at an average price of $0.3759.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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