🚨 Giant whale action! 17.63 million CRV entered the market in a big way, but faced a huge loss! 🚨
In the past 20 hours, two whales (perhaps the same entity) deposited 17.63 million CRV to Binance, worth approximately $3.88 million. There may be a big story behind this deal!
Last year, these whales purchased CRV from Curve Finance founder Michael Egorov at an off-market price of $0.40 per coin. However, they now face a loss of approximately $3.17 million (-45%) if sold at the current market price of $0.22.
analyze:
Buying point: $0.4, obviously at the market high. Current price: $0.22, showing significant value loss. Potential loss: US$3.17 million, indicating that market adjustments have seriously affected the investments of these large investors.
This wave of operations demonstrates the uncertainty and risks in the market, especially in the capital operations of large investors. In any case, the entry and exit of large funds can still have a significant impact on the market.
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