Whale Trader Was Down $4.44M On ‘Shiba Inu Killer’ Dogwifhat—Here’s How They Turned It Into A Profit
Posted On October 14, 2024
Analytics provider Lookonchain highlighted a whale trader who lost money on Dogwifhat (CRYPTO: WIF) but successfully captured profits trading Popcat (CRYPTO: POPCAT).
What Happened: The trader initially lost $4.44 million trading WIF twice between April 8 and June 24. The trader withdrew 12,716 Solana (CRYPTO: SOL), worth $1.94 million, from Binance to buy 1.38 million POPCAT at $1.41. They now hold 2.05 million POPCAT, valued at $2.82 million, with an average buying price of $1.13.
The trader managed to reduce the WIF loss to $2.5 million …
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