Although the altcoins have been making significant progress recently, an unexpected case has just taken place. As per Lookonchain (a prominent on-chain analytics providing platform), a whale has gone through a huge loss while selling $WIF and $POPCAT tokens. The analytics platform took to X to reveal the details of the respective move.
A whale sold 732,481 $WIF($1.85M) and 716,344 $POPCAT($281K) at a loss 1 hour ago.This whale bought 732,481 $WIF($2.18M) at $2.98 and 716,344 $POPCAT($361K) at $0.5 3 days ago.He lost $336K on $WIF and $80K on $POPCAT in 3 days.https://t.co/hRp5rZwfmA pic.twitter.com/CE2M1erP2x
— Lookonchain (@lookonchain) May 18, 2024
A Crypto Whale Experiences a Loss While Selling $POPCAT and WIF Tokens
The company noted in its recent post that the whale sold up to 732,481 WIF tokens. According to Lookonchain, the respective figure equals a huge amount of nearly $1.85 million. In addition to this, the analytics provider also disclosed another sale by the whale. It reportedly sold almost 716,344 POPCAT tokens. The respective tokens have a value of up to $281K.
According to Lookonchain, the respective event took place only one hour ago. With the sale of these crypto tokens, the whale has reportedly experienced a substantial loss. The analytics company brought to the front that the whale purchased the above-mentioned tokens just three days back. At that time, the value of 732,481 WIF tokens was standing at $2.18 million.
The Cumulative Losses on POPCAT and WIF Tokens Reach $80K and $336K Respectively
The whale reportedly purchased the respective amount at an average value of almost $2.98 per coin. On the other hand, 716,344 POPCAT tokens had a value of approximately $361K at the time of purchase. The whale reportedly bought the respective tokens at an average value of nearly $0.53. As a result of this sale, the whale lost a massive figure of $80K and $336K on POPCAT as well as WIF tokens respectively.