Recent onchain data revealed that a major cryptocurrency investor, often referred to as a "whale," has taken a significant financial hit on an altcoin investment and fully exited the market.
The whale in question purchased 1,100 Maker (MKR) tokens on July 27, paying an average price of $2,643 per token, for a total investment of $2.91 million.
Unfortunately, this investment did not pay off. According to the data, the whale sold off all of his MKR holdings on Binance at an average price of $1,613, resulting in a loss of $1.13 million.
In just 50 days, the whale saw 40% of their investment disappear before deciding to exit the market entirely.
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