Hold for 2 years and lose $480,000!
This wallet made the most enormous REKT!
Find out what his mistakes were 👇
1/ I found this wallet completely by accident while browsing tokens on the DEX exchange.
Every day wallets earn thousands of X's trading tokens.
But there are huge REKTs that token storage brings in the long run.
Let's dive into an example of such a REKT👇
2/ My attention was grabbed by the $NFD token.
Its creation date is August 19, 2021.
Analyzing the holders of this token I noticed one very strange trade:
Wallet sold a huge chunk of the 844M $NFD token, even though it had not bought it earlier in recent times!
3/ Analyzing this wallet I saw that the first purchase of $NFD token was made on August 22, 2021:
Purchase: 844M NFD for ~$500,000
Sale 2 years later: 844M NFD for ~$20,000
This is a true example of REKT!
4/ What's interesting is that the owner of this wallet himself declared his own failure.
At one time he had a lot of faith in the $NFD token and spoke about it publicly! But if he had sold it earlier, he would have made a nice profit.
5/ For those who want to figure it all out for themselves, leave the links to the transactions:
➮ Wallet transactions with token:
https://etherscan.io/token/0xdfdb7f72c1f195c5951a234e8db9806eb0635346?a=0x440631dbdc0753e45241569c6d63552eac8e3130
6/ Also, I've noticed that this isn't his only bad trade:
➮
$GRT Total PNL: -$26,137
➮ $RAINI Total PNL: -$12,591
There are practically no trades that would bring him profit!
7/ I don't want to offend anyone with this article.
This article was created for introductory purposes, so that people always think with their heads and are responsible for their actions!
As always, DYOR!
#DeFiChallenge #DiFiTrends