🚨 Whale's High-Stakes #PERP Investment Results in $2.35M Loss 🚨 in Just Three Days😱

A prominent investor recently established a secure Multisig wallet approximately three days ago, executing a substantial transaction worth 4,509 #WETH , equivalent to approximately $7.37 million. The purpose of this transaction was to acquire 6.8 million PERP tokens at an average acquisition price of $1.08 per token.

However, in a subsequent maneuver, the same investor proceeded to divest their entire 6.8 million PERP token holdings. This divestment resulted in an exchange for 276 WETH, valued at approximately $446,000, as well as 4.57 million #USDT tokens, acquired at an average price of $0.74 per token.

Regrettably, the investor incurred a significant financial loss of approximately $2.35 million within the span of just three days, primarily attributed to the investment in PERP tokens.

For reference, the associated address for these transactions is 0x912C54C024E446602eb0A0D9002D67eA7b528573.

$PERP $ETH

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