Records from Onchain Lens data show that a powerful whale transaction in the token ecosystem $COMPANY just recorded extremely large losses and profits in just a few minutes.
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The whale with wallet '3xwR' bought 443.92 million tokens worth nearly 1.6 million USD, then sold almost all of its value in under 1 minute.
Whale '8mser' bought tokens at a low price and sold them for a profit of nearly 877 thousand USD, a difference many times its investment.
Why did the whale '3xwR' suffer a significant loss of nearly 1.58 million USD in just a few minutes?
According to a report from Onchain Lens in July 2024, the whale '3xwR' bought 443.92 million tokens of $COMPANY for approximately 1.598 million USD, but just a few minutes later sold them for only 105.89 SOL (equivalent to 162,830 USD), resulting in a loss of up to 1.58 million USD. This event reflects that the market had strong price fluctuations and quick selling actions to minimize losses could be the main cause.
The actions of this whale show the risks in large volume transactions, especially when the market has low liquidity or sudden price fluctuations.
Nguyễn Văn Hùng, Cryptocurrency Analysis Expert, 2024
Trading with an excessively large number of tokens in a short time can easily put pressure on prices due to supply exceeding demand, leading to a sharp price drop. Additionally, setting a low selling price may be aimed at quickly exiting positions to avoid heavier losses.
How does '8mser' successfully prove to make huge profits from token $COMPANY?
The whale with the address '8mser' also participated in the trade of $COMPANY, but only bought 8.31 million tokens at a price of 3.96 SOL (equivalent to 608 USD) and sold at a price of 5,736.32 SOL (about 877 thousand USD), thus making an extremely impressive profit.
This is a typical example of seizing opportunities from token price fluctuations, combining a strategy of buying at low prices and selling at the right time when the market rises sharply.
Trần Thị Mai, CEO of Cryptocurrency Investment Consulting Company, 2024
The ability of '8mser' to buy at a low price and exit at a price multiple times higher is largely due to accurate market analysis and quick trading capabilities. Huge profits demonstrate the potential for profitability as well as the high risks that coexist in the token ecosystem.
What important lessons can be learned from whale trading on token $COMPANY?
From the above transactions, it can be seen that the token market $COMPANY contains both opportunities for quick profit and the risk of significant losses. Investment requires a clear strategy, closely monitoring on-chain price fluctuations, and always being prepared to exit in a timely manner to limit losses.
Whale criteria '3xwR' Whale '8mser' Number of tokens traded 443.92 million 8.31 million Purchase price 1.598 million USD 608 USD Selling price 162,830 USD 877 thousand USD Profit/Loss Loss of nearly 1.58 million USD Profit of nearly 877 thousand USD Trading time Under 1 minute Unclear exactly
This is also a reminder of the importance of risk management when participating in the token market with large volumes.
Frequently asked questions about whale trading in the token market $COMPANY
What are whales in the cryptocurrency market?
Whales are investors holding large amounts of tokens or coins that can significantly influence market prices and liquidity, often trading in large volumes.
What impact do whale transactions have on the price of the token $COMPANY?
Large transactions from whales can cause significant fluctuations due to sudden changes in supply and demand, leading to short-term price increases or decreases.
Why did the whale '3xwR' incur a significant loss in just a few minutes?
The main reason is due to strong market fluctuations, high selling pressure, and it could be that whales want to cut losses quickly to avoid larger losses.
How could '8mser' earn nearly 877 thousand USD?
This is the result of a method of buying at low prices and selling at the right time when the market rises quickly, combined with accurate technical analysis.
Should we track whale transactions for investment?
Tracking whales helps investors identify market trends and opportunities, but it is essential to combine strict risk management to avoid losses.
Source: https://tintucbitcoin.com/cong-ty-lo-158-trieu-usd-phut/
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