SOL whale is stuck in MOODENG: $22.25 million investment faces major losses
A SOL whale holding $22.25 million in MOODENG is currently under great financial pressure because the price of MOODENG has plummeted 50% from its all-time high (ATH).
It is reported that the whale initially purchased the MOODENG at a price of $5.2 million in SOL, but now the value of the assets has shrunk to only $3.1 million. Therefore, the whale's current loss has exceeded $2 million.
This loss highlights the volatility and high risk of the cryptocurrency market. Investors need to be cautious about every investment to avoid major losses. At the same time, this also reminds us that when investing in cryptocurrencies, we must do sufficient market research and risk assessment to ensure the safety of our investments.