Whale Faces 44% Loss After $1.99M SUNDOG Investment

A whale who recently invested $1.99 million into SUNDOG is now facing a significant floating loss of 44%, equivalent to $880,000.

The investor withdrew 13.07 million TRX from Binance just four days ago and used it to purchase 3.52 million SUNDOG in a single transaction. This large buy caused a notable price spike, pushing SUNDOG to $1 due to slippage.

The whale’s average purchase price was around $0.565, but with the current SUNDOG price now down to $0.313, the investment has taken a major hit.

4 天前在链上大手笔花费 $1.99M 资金买入 $SUNDOG 的鲸鱼，目前浮亏 44% (-$0.88M)。

他在 4 天前从币安提出 1307 万枚 TRX ($1.99M)，然后直接一笔交易买成 352 万枚 SUNDOG，滑点过大直接将 SUNDOG 价格拉升至 $1。
他的买入均价为 $0.565，目前 SUNDOG 价格为 $0.313，他的买入目前浮亏 44%… pic.twitter.com/7VNkEuViWE

— 余烬 (@EmberCN) September 17, 2024

Despite this loss, SUNDOG continues to boast strong market metrics. It currently has a market cap of over $325 million, which had previously surged to $1 billion. The 24-hour trading volume stands at over $8.5 million, with more than 100,000 holders.

The Sun keeps shining on $SUNDOG🤩☀️

Now we’re up to:

• $325M+ Market Cap (don’t forget we already touched $1B)
• $8.5M+ 24hr volume
• 100k+ holders

To crown it all up, $SUNDOG’s has already ticked all the boxes for a @binance listing which we definitely should be… https://t.co/1nctcdJ3eH pic.twitter.com/gUP4WGrfW4

— Xeusthegreat (♟,♟) (@SamuelXeus) September 17, 2024

Following Binance’s recent listing of NEIRO, TURBO, and BabyDoge, many users on X (formerly Twitter) are now expressing their anticipation for SUNDOG’s potential spot listing on the exchange. The recent listings have fueled speculation that SUNDOG could be next in line, providing the token with a significant opportunity for recovery if it secures the Binance listing.

For now, the whale’s heavy investment sits at a loss, but the future of SUNDOG, especially with the growing interest in a Binance listing, could potentially see a turnaround.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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