Whale Takes a $1.06M Loss Despite APE's 100% Price Surge

In a surprising outcome, despite a 100% price surge in APE over the past two days, this whale still suffered a significant loss of $1.06M (-47%) on their APE holdings.

The whale initially purchased 582K APE ($2.24M) at a price of $3.85 earlier in 2023 and staked the tokens. After yesterday’s price rise, they decided to sell all 790K APE ($1.18M), including 208K APE ($310K) from staking rewards, resulting in a substantial loss.

Address: 0x6c971099C7B5F01A648Bd9125ba53D995F0c4517

This highlights the unpredictable nature of the crypto market, even during price surges.

#APE #APE/USDT $APE