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A huge whale on $SUI is about to lose over $18,000,000 🔥🤯 Here's an explanation of the situation: The whale has taken a long position on $SUI, meaning they've invested expecting the price of SUI to increase. The investment here is around $20 million in total. This whale has deposited 4.1 million $SUI tokens (valued at $19.3 million) and 100,000 $sSUI (staked SUI, valued at $470,000) into #Suilend, a decentralized lending platform where users can deposit assets to use as collateral for loans. Using this collateral, the whale borrowed $14.4 million in stablecoins. In these lending platforms, there's a mechanism called liquidation to protect the platform from losses if the collateral's value drops significantly. The loan has a liquidation threshold; if the value of the collateral (here, $SUI and $sSUI) falls to a point where it's no longer sufficient to cover the borrowed amount plus interest, the position gets liquidated. For this whale's position, if the price of SUI drops to $4.56 per token, it triggers liquidation. This means the platform would sell off the collateral to repay the loan, potentially at a loss for the whale if the sale price of #SUI is below the amount needed to cover the $14.4 million loan.

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Always take profits and keep in $USDC

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You would not be the first or the last person to lose money in crypto, a lot of people have lost everything they had, not once, not twice, but yet, they bounced back Stop putting your attention on your losses Take them as experience and lesson to learn from There is no professional trader out there with millions of dollars who haven’t experienced huge losses It is all part of the game, a lot of people only focus on profit, they forget that losses are also involved If you got liquidated today, move on as soon as you can Listen! Everything lost in this crypto market, can be recovered Your money is still out there, it is waiting for you and you will get it back

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Better wake up and start hustling for you bags, this is not the time to be out there commenting your $SOL address or your $USDC address looking for giveaways Do something!! Do something for yourself Go and stake coins, even if it is $1, buy them and stake them!! Don’t wait for anyone, work hard A lot of projects raised over $10M, go and start farming them You have every opportunity to earn at least $5,000 this year Stop looking for free $BTC Stop looking for free Dogecoin Stop looking for free things Start working hard, start investing, little by little Stop waiting for big money Lock in

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