A crypto whale realized a $228 million loss by selling its position while only 7% of the token’s total supply was underwater. At the time of the sale, approximately 93% of the supply was in profit or at breakeven, making the timing particularly unusual. The whale was likely part of that small 7% group unable to recover its entry price, as the market had not returned to its purchase level. Reasons cited for selling at a loss include opportunity cost, risk management rules, and lack of conviction in the asset’s recovery. For context, Bitcoin’s supply underwater sits around 23.7%, making this whale’s situation relatively unique.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
