This operation directly cost 1000 ETH in tuition!
On-chain monitoring shows that trader 0x83c6 sold 2522 units of 'Er Bing' at an average price of 1570 USD over a month ago, cashing out 3.96 million USD.
As a result, today, he spent 3.8 million USD to buy back 1425 units at an average price of 2670 USD.
This move resulted in a net loss of over 1000 units of 'Er Bing', equivalent to throwing 2.67 million directly into the persimmon factory.
Is this loss due to being too slow to react, or is it severe FOMO?
