An abrupt financial maneuver occurred seven hours ago, resulting in a significant financial setback of $2.9 million for the investor.
The severity of this situation becomes more evident when we delve into the extensive portfolio adjustments made by this individual. Engaging in transactions involving 18 different tokens, the investor’s trading skills needed to improve, with only four of these tokens proving to be profitable endeavors.
This underwhelming performance resulted in a success rate of a mere 22%, underscoring the formidable challenges even experienced traders encounter within the volatile cryptocurrency landscape.
A whale dumped 10,600 $ETH($17.2M) at a price of $1,622 7 hrs ago, with a loss of $2.9M.
The whale traded a total of 18 tokens, and only 4 tokens were profitable, with a win rate of 22%.
He currently has a profit of $10.8M on $ETH, but lost $3.6M on $PDT and $1.3M on $MPL. pic.twitter.com/GzPl8WyHx6
— Lookonchain (@lookonchain) August 23, 2023
Despite these mixed outcomes, the investor’s current financial situation is characterized by fluctuations. Benefiting from the recent resurgence of the Ethereum (ETH) market, the investor has managed to accumulate a noteworthy profit of $10.8 million through their ETH holdings.
However, this glimmer of success is counterbalanced by losses incurred elsewhere. Specifically, the investor faces a deficit of $3.6 million attributed to the PDT token and an additional loss of $1.3 million associated with the MPL token.