While the rise in Bitcoin (BTC) and altcoins makes investors happy, whales continue their purchases.
At this point, Lookonchain shared on Twitter that the address named “9x9x9 (@9x9x9eth)” sold all its SUSHI’ tokens and bought PEPE.
Accordingly, while this whale sold 2.36 million SUSHI (worth $1.34 million) at an average price of $0.57, he spent 851 ETH ($1.42 million) to buy 1.89 T PEPE.
Lookonchain added that this whale lost approximately 30 million dollars in total on its SUSHI investment.
“ 9x9x9 (@9x9x9eth) exchanged all SUSHI tokens for PEPE.
Sold 2.36 million SUSHI ($1.34 million worth) 8 hours ago at an average price of $0.57 and spent 851 ETH ($1.42 million) to buy 1.89 T PEPE.
@9x9x9eth lost approximately $30 million total on SUSHI including all CEX purchases.”
Listed on Binance, PEPE is trading at $0.00000073.
9x9x9 (@9x9x9eth) exchanged all $SUSHI positions for $PEPE.
He sold 2.36M $SUSHI($1.34M) at an average price of $0.57 and spent 851 $ETH($1.42M) to buy 1.89T $PEPE 8 hours ago.@9x9x9eth lost a total of ~$30M in $SUSHI including all CEX buys.https://t.co/T6pR4ohAwr pic.twitter.com/mFMj1A7HUx
— Lookonchain (@lookonchain) October 23, 2023
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/whale-sold-this-altcoin-with-a-loss-of-30-million-dollars-and-bought-pepe/