According to Lookonchain data, as cited by COINOTAG on September 28, a significant transaction involving MOODENG tokens drew attention. An address initially acquired 21 million MOODENG tokens for the equivalent of $3,537, just an hour after trading commenced. At that point, the asset was valued at $210,000. However, in a surprising turn of events, the same wallet liquidated its entire MOODENG holdings at a massive loss, fetching just $297—in a presumed panic sell after the token’s value plummeted. What started as a $3,537 investment in MOODENG tokens, potentially worth millions now, ended in a substantial financial setback. This case underscores the highly volatile and unpredictable nature of the cryptocurrency market, highlighting the risks and swift market movements that traders must navigate.
Source: https://en.coinotag.com/breakingnews/investor-panic-sells-moodeng-potential-6-3-million-loss-revealed/