The whale traded $WIF twice from April 8 to June 24, losing $4.44M! Fortunately, he bought 2.06M $WIF on June 24&25 and held it until now, reducing
A crypto whale who lost $4.44 million trading the token $WIF has made a last-ditch effort to recoup his losses by withdrawing $1.94 million worth of $SOL from Binance and reinvesting it in 1.38 million $POPCAT.
According to on-chain data, the whale, who was once a top holder of $WIF, made two trades of the token from April 8 to June 24, losing $4.44 million in the process. However, he managed to buy 2.06 million $WIF on June 24 and 25 and has held onto the token since then, reducing his losses to $2.5 million.
The whale’s last trade was to sell 50,000 $WIF at $2.28, bringing his total loss on the token to $2.5 million. He then withdrew 12,716 $SOL (roughly $1.9 million) from Binance about six hours ago and used the funds to buy 1.38 million $POPCAT at an average price of $1.41 per token.
The whale currently has $2.05 million of $POPCAT, which he purchased at $1.13 per token and is now showing an unrealized profit of $518,000. This helps to offset some of his earlier losses on $WIF and puts him in a strong market position to make further gains.
At the time of writing, the whale’s portfolio consists of 2.05 million $WIF, valued at around $5.72 million, and $POPCAT holdings, which contribute significantly to his overall portfolio health. According to Solscan records, the whale has a remaining balance of 0.009939 $SOL, indicating that the majority of his assets are now tied up in tokens.
Despite suffering heavy losses on $WIF, the whale’s recent moves show a calculated shift in strategy. His rapid adaptation and decision to reinvest in $POPCAT with assets withdrawn from Binance suggests the potential for future profitability, assuming the upward trend of $POPCAT continues.
The whale’s activity, which is being closely monitored by on-chain analytics platforms such as Lookonchain, highlights the high-risk, high-reward nature of cryptocurrency trading, where pivoting strategies can lead to substantial gains in a short period of time.
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