馃惓 Risk in the Cryptocurrency Sea: The SUI Whale in Danger.
A crypto whale with a long position in SUI faces a possible liquidation scenario, putting a multi-million dollar investment at risk.
The Whale's Position:
Investment: The whale owns 4.1 million SUI, valued at approximately $19.3 million USD.
Risk: The position is leveraged, with a loan of $14.4 million in stablecoins.
Critical Price: If the price of SUI drops to $4.56, the position could be liquidated.
Strategy at Risk:
The whale has deposited its SUI on Suilend, a lending platform, suggesting a leveraged strategy. However, this move increases the risk of liquidation if the market moves against it.
Cryptocurrency volatility can bring great opportunities, but also significant risks. A lesson in caution in the world of investments.
