A large investor loses huge amounts for several days in a row

A few days ago, a large investor sold 531.7 billion PEPE for $ 4.1 million DAI. This deal turned into a loss of $ 7.02 million, because the assets were purchased for $ 11.1 million. At the same time, it realized 88 million Beam for $ 709 thousand DAI, which led to additional damage to $ 7.15 million.

A day later, Kit completely left Pepe and Beam, selling the remaining tokens for $ 6.25 million DAI. The total loss on these assets reached $ 14.14 million. After that, he aimed part of the funds for the purchase of 5.34 million ONDO at an average price of $ 1.17.

Then he got rid of all tokens, helping $ 5.4 million DAI, and recorded a minus of $ 853 thousand. Such tactics “buy expensive, sell cheap” raises questions from observers. Experts believe that the causes can be hidden in an erroneous forecast or panic reaction to market fluctuations.

Today, the trader distributed the vacant funds between the wrapped bitcoin (WBTC) and Maker (MKR). So, 63.42 WBTC was purchased at $ 5.33 million DAI at an average price of $ 84,150, and $ 1.53 million Wsteth were exchanged for 1,087.32 MKR at a cost of about $ 1416. Such a redistribution indicates the desire to find more stable positions.

Analysts note that such sharp actions often lead to additional losses. In the absence of a clear strategy and controlled risks, any significant movement of capital becomes a source of volatility. Observers emphasize that timely analysis of the market situation and the adjustment of plans help to avoid major losses.

The crypto community with interest monitors the movements of this wallet. Market participants discuss whether Kit can restore positions at the expense of recently purchased assets. Some believe that further steps will require caution, others believe: large capital always find a way to compensate for unsuccessful transactions.

Author

Peter Ivanov