A whale has closed their second $MEME trade with a significant loss of $937K! 🐋💸

Whale 0x432 just deposited the remaining 55.7M MEME ($844K) to KuCoin.

Transaction:

0x455baff6359874f5246c495640db9f7226b52c7460d4a72b83bb24cb7f79231f

🔍 Address: 0x4322fd98f95a219d2aae2bba6664e3574b4c3708

Trade Summary:

Withdrew 55.7M MEME from KuCoin at $0.03198 on average (estimated cost: $1.78M) on May 29, 2024.

Deposited all tokens back to KuCoin at $0.01515 ($844K) on July 5, 2024.

Loss: $937K (-52.6%) after over a month.

Impact on Profits:👇

The whale's cumulative profit from MEME has dropped to $718K (+18%).

Previously made a massive profit of $1.66M (+75.4%) from the first MEME trade between November 9, 2023, and March 21, 2024.

📉 Market Impact:👇

MEME price dropped 10.47% in the past 24 hours, in line with the broad market crash.

Other Holdings:

The whale still holds 186B $PEPE ($1.55M) with an unrealized loss of $278K (-15.2%).