In the early hours of the day, a quiet unease settled over Fenbushi Capital’s trading floor. Their portfolio, once a shining example of DeFi dominance, had turned sour. The numbers were clear—$2.44M lost on SUSHI, a brutal 90% decline. COMP had fared no better, with $2.27M vanishing into the void, marking an 82% nosedive. UNI wasn’t spared, losing $1.53M, down 42%. Even the usually resilient AAVE couldn’t escape the carnage, shaving off $499K, a 15% loss.
As the clock ticked, the decision was made. Fenbushi Capital prepared to cut their losses. One by one, they sold off assets that had once held so much promise: 136,094 EIGEN, worth $514K, followed by 146,537 UNI, a staggering $1.13M down the drain. They unloaded 10.17 million SNT for $244K and parted ways with 10,681 COMP, a $509K retreat.
A somber weight filled the air as they sold 11,616 AAVE for $1.9M, and 344,086 SUSHI, netting just $276K. Finally, they let go of 219 ETH, a small comfort at $576K.
It was a day of reckoning for Fenbushi Capital, $5.14M in assets sold at a painful loss. The DeFi dream, for now, had turned into a nightmare.