Golden Finance reported that last year, a Whale (or institution) made a large purchase of EIGEN and lost over 22.42 million dollars in May.
He first spent 32.45 million at a high point to buy EIGEN, losing 17.19 million dollars, and then exchanged part of his position to purchase HYPE, also buying at the highest point and losing 5.21 million dollars.
Last October, the $32.45 million is now only worth $10.03 million, a loss of $22.42 million (-69%) in 5 months.
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Last year, a big purchase of EIGEN by a Whale (or institution) incurred a loss of over 22.42 million dollars in May.
Golden Finance reported that last year, a Whale (or institution) made a large purchase of EIGEN and lost over 22.42 million dollars in May. He first spent 32.45 million at a high point to buy EIGEN, losing 17.19 million dollars, and then exchanged part of his position to purchase HYPE, also buying at the highest point and losing 5.21 million dollars. Last October, the $32.45 million is now only worth $10.03 million, a loss of $22.42 million (-69%) in 5 months.