Dragonfly Capital is in hot water, facing an estimated loss of $36.84 million after liquidating 62.62 million AEVO tokens, valued at approximately $25.04 million. According to monitoring data from ai_9684xtpa, the transactions occurred just six hours ago as the tokens were transferred to FalconX.

It appears all positions held since May may have been liquidated, further exacerbating the financial hit. Between May 13 and 15, two Dragonfly addresses withdrew 63.23 million RBN from Coinbase at an average price of $0.9882, later swapping these for AEVO on a one-to-one basis. Currently, AEVO trades at just $0.3999, reflecting a staggering decline of nearly 59%.

This liquidation raises questions about the broader implications for Dragonfly Capital and the AEVO token. How will this impact their future strategies in the volatile crypto market? Stay tuned for updates!

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