The blockchain market is making waves! ChainCatcher's latest report shows that a mysterious address CZaHE has recently made amazing transactions. The address purchased a large number of BARPA tokens at one time, totaling 13,400, with a value of about $1.94 million. However, shockingly, all these tokens were sold just 12 hours later, resulting in a huge loss of up to $1.55 million.
It is reported that the purchase cost of the address was $0.3884 per BARPA token. With the promotion of large purchases, the price of BARPA soared in a short period of time, reaching $2.37 at one time. However, the market suddenly changed, and the price of BARPA tokens plummeted by 97%. In order to stop the loss, the address had to disperse the remaining funds to 8 different addresses for sale, and finally only exchanged for 2,739 SOL, with a net loss of an astonishing 10,661 SOL, and a loss ratio of nearly 80%. This is undoubtedly a painful lesson.
This incident once again highlights the risks of the blockchain and cryptocurrency market. Although this market is full of infinite possibilities, investors cannot ignore the existence of risks while pursuing returns. Therefore, during the investment process, be sure to remain cautious and avoid blindly following the trend. Rational investment is the key to success.
