A MELANIA giant whale cleared its position and lost as much as US$14.61 million
On February 25, according to EmberCN monitoring, four hours ago, a certain MELANIA giant whale address sold 13.975 million MELANIA pieces on the chain in a single cut and exchanged them for 14.316 million USDC pieces, causing the MELANIA price to drop by 14.5%(from US$1.17 to US$1). A month ago, the whale spent 28.93 million USDC to hoard 13.975 million MELANIA through direct purchase or unilateral liquidity through DEX. The average cost was US$2.07. Its loss was as high as US$14.61 million (-50%), and its position was cut.
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