A whale "rug-pulled," selling 400 WBTC to repay a loan, incurred a $51.17 million loss after buying the top and rug-pulling the bottom
BlockBeats News, January 26th, according to on-chain analyst Wu Jinyu's monitoring, the "Whale that Borrowed Heavily to Buy $263M Worth of WBTC and ETH" continued to sell off after BTC dropped to $86,000 today, selling 400 WBTC to exchange for 34.67 million USDT for repayment, at a sell price of $86,694.
Due to buying the top and selling the bottom, the whale has realized a huge loss of $51.17 million:
· Bought 18,517 ETH at a price of $4,415 ($81.75 million) and liquidated all at an average price of $3,049, realizing a $25.29 million loss;
· Bought 1,560 WBTC at a price of $116,762 ($182 million) and sold 960 at an average price of $89,798, realizing a $25.88 million loss.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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