520 million PENGUs, the whale has a floating loss of 710,000! Gambling or lost?
On-chain data shows that the mysterious new address CqwjT...EiCj8 entered the market with a large sum of money 6 hours ago, sweeping 520 million PENGUs, with a total value of up to 14.87 million US dollars. The average price offered by Binance is 0.2996 US dollars, but the current floating loss is 710,000 US dollars, like an "iceberg bet" thrown into the deep sea.
From the timing and actions, this "big boss" is obviously optimistic about the medium- and long-term potential of PENGU, but the short-term market has ruthlessly given a "cold bench". The price trend of PENGU has continued to be weak recently. The courage of the whale to enter the market is admirable, but whether it can still stabilize the "tip of the iceberg" depends on the subsequent market performance.
Gambling or ambush, will the next step of PENGU be a deep-sea slide or a huge wave counterattack?
Lock in Brother Jiang and he will help you decode the mystery behind the giant whale. No matter how cold the market is, it can't stop the heat of thinking!
