The cryptocurrency whale CrUYR1 sold 407,427 TRUMP Tokens after holding for 5 months, incurring a loss of 1.37 million USD.
This transaction is confirmed by data from Lookonchain, reflecting the risks that have existed in investing in TRUMP Tokens despite the initial capital of nearly 4 million USD.
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Whale CrUYR1 sold 407,427 TRUMP Tokens with a loss of over 1 million USD.
The initial investment volume was around 3.96 million USD, lasting 5 months of holding.
How did the cryptocurrency whale CrUYR1 execute the sale of TRUMP Tokens?
Real-time data from the On-chain analysis platform Lookonchain confirms that whale CrUYR1 just sold all 407,427 TRUMP Tokens, assets that were held for 5 months with a total purchase value of up to 3.96 million USD. This exit recorded a loss of up to 1.37 million USD.
The transaction is assessed as a typical case showing significant risk volatility in the Token market according to the report in July 2024.
What factors led to this whale's loss of 1.37 million USD?
The TRUMP Token market experienced a sharp decline over a period of 5 months, causing the asset value of CrUYR1 to drop significantly. The whale bought Tokens at a high price and did not have a reasonable stop-loss point, leading to serious capital loss.
Risk management and portfolio diversification help limit losses in this volatile market. Investing based on technical analysis and On-chain data is a determining factor for success.
Nguyen Van Bao, Investment Director, VinaCapital Finance Company, 06/2024
What does this information reflect about the current state of Token investments?
Through the case of CrUYR1, investors need to be cautious when handling cryptocurrency assets in the form of Tokens. Investing under the umbrella of 'Whales' does not avoid market risks. On-chain data plays an important role in analyzing trends and making reasonable decisions.
This is also evidence that Tokens with high volatility, similar to Altcoins, require a thorough investment strategy and reliable information analysis to minimize losses.
Real examples of On-chain transactions help investors make decisions.
Transaction Holding Time Initial Investment Value (USD) Selling Value (USD) Profit/Loss (USD) CrUYR1 – TRUMP Token 5 months 3,960,000 USD 2,590,000 USD -1,370,000 USD Another example – Altcoin Token 7 months 5,000,000 USD 6,200,000 USD +1,200,000 USD
Frequently asked questions about Token trading and On-chain analysis.
1. How do On-chain transactions help Token investors?
On-chain provides transparent data, helping analyze whale behavior and market trends to make more accurate investment decisions.
2. Why do whales incur losses when trading Tokens?
Strong price volatility and ineffective risk management strategies can cause whales to also incur significant losses.
3. How to limit risks when investing in Tokens?
Technical analysis, using On-chain data along with portfolio diversification is an effective way to mitigate risk.
4. How does the holding time of Tokens affect profits?
Holding Tokens for a long time does not always guarantee profits if the market fluctuates negatively.
5. Is Lookonchain's data reliable?
Lookonchain is a reputable On-chain analysis tool, providing transparent data used by many investors and experts.
Source: https://tintucbitcoin.com/trump-token-ca-voi-ban-lo-lon/
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