Giant Whale Also Failed: Stop-Loss Was Put Into Action on the Altcoin, From Which It Had Previously Made Millions of Dollars of Profit, and He Sold It at a Loss!

Crypto even According to onchain data, a huge cryptocurrency whale was forced to sell an altcoin, from which he had previously made a large amount of profit, at a loss, with the latest developments in the market.

The whale in question had previously been seen in four different Uniswap (UNI) He had made a profit of $2.34 million in his transaction in the last nine months, and in his fifth transaction, he had to close his transaction with a loss of $569 thousand due to a stop-loss order just hours ago.

Whale wallet purchased 300,000 UNI tokens at an average price of $16.97 a week ago. At its peak, he made a profit of $603,000 in this position. However, immediately afterwards, the price started to fall and eventually the whale sold at $15.07, making a total loss of 11.2%. Currently, the net profit from five different transactions of the whale wallet was measured as 1.77 million dollars.

Yesterday, after the hawkish statements following the FED decision in the entire cryptocurrency market and FED President Jerome Powell’s statement signaling that the pace of interest rate cuts might slow down, there was a huge decline and the Bitcoin price fell below $ 100,000.

*This is not investment advice.