Meme Coin Whale Makes Loss Every Time: Its Loss Reaches 5 Million Dollars!

While the meme coin whale managed to lose money in all his transactions so far, his loss reached 5 million dollars.

According to data provided by the on-chain analysis platform Lookonchain, a cryptocurrency whale sold 2.34 million dogwifhat (WIF) worth $3.77 million on June 24.

Unable to bear any further decline, the whale accepted a loss of $2.7 million with this sale. This whale previously lost $1.92 million on WIF investment.

It hurts every time

While WIF has traded twice so far, it has made a loss each time. Its total loss reached $4.63 million.

On April 8, it had purchased 2.05 million WIFs worth $7.96 million at $3.88. He sold these assets at a price of $2.95 on May 7 and 8, for a loss of $1.92 million.

It then decided to purchase 2.34 million WIFs worth $6.48 million at $2.77 from May 16 to May 20. But this was not successful either and it sold at $1.61 with a loss of $2.71 million.