{"id":151901,"date":"2025-02-25T17:00:04","date_gmt":"2025-02-25T15:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151901"},"modified":"2025-02-25T14:46:36","modified_gmt":"2025-02-25T12:46:36","slug":"crypto-trader-loses-24m-amid-major-market-crash","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-trader-loses-24m-amid-major-market-crash\/","title":{"rendered":"Crypto Trader Loses $24M Amid Major Market Crash"},"content":{"rendered":"<p data-start=\"0\" data-end=\"608\">This is particularly evident in the case of one crypto whale, who <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1894234691005517901?s=46\" target=\"_blank\">lost<\/a><\/strong> $24 million while swapping a meme coin for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a><\/strong>.<\/p>\n<p data-start=\"0\" data-end=\"608\">With the initial investment at $33.9 million, the transaction highlighted the volatility that characterizes meme coin markets, where prices can fluctuate drastically based on market sentiment.<\/p>\n<p data-start=\"0\" data-end=\"608\">Despite earlier profits from similar trades, this loss seems to be part of a broader trend as the trader sought to mitigate risk amid the ongoing market crash.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/nasdaq-seeks-approval-for-etf-focused-on-hederas-hbar-token\/\" title=\"Nasdaq Seeks Approval for ETF Focused on Hedera\u2019s HBAR Token\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Nasdaq-Stocks-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Nasdaq Seeks Approval for ETF Focused on Hedera\u2019s HBAR Token<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p data-start=\"610\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">Solana&#8217;s sharp 12% decline is one of the most significant among top cryptocurrencies, with the coin now struggling to hold its ground.<\/p>\n<p data-start=\"610\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">While Solana has seen impressive growth in terms of adoption, it appears to be stalling in the current market environment, especially with the upcoming unlocking of 11.2 million SOL tokens set to impact the price further.<\/p>\n<p data-start=\"610\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">The wider market has seen Bitcoin drop below $92,000, and meme coins like TRUMP and DOGE have also seen significant drops.<\/p>\n<p data-start=\"610\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">While many are selling off, the increased trading volume suggests that some investors are taking advantage of the lower prices, potentially signaling a period of accumulation as market participants await signs of recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent crypto market downturn is causing widespread panic among traders, with significant losses occurring in a short span of time.<\/p>\n","protected":false},"author":3,"featured_media":69646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-151901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Trader Loses $24M Amid Major Market Crash<\/title>\n<meta name=\"description\" content=\"The recent crypto market downturn is causing widespread panic among traders, with significant losses occurring in a short span of time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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