$MELANIA Whale Dumps Massive Stash, Suffering $14.6 Million Loss as Price Plummets
A prominent whale address in the $MELANIA market recently sold off 13.975 million $MELANIA tokens in one transaction, and that caused the token's price to drop 14.5%. The sale occurred just four hours ago and exchanged a good amount of $MELANIA for 14.316 million USDC. This is a singular event that spoke volumes about the volatility of the market and how one big player in it can dramatically impact prices. If you're an investor, you probably don't want to see this kind of thing happen to the asset you're holding. What makes this story even a little suspect with us is that this dramatic price drop incurred a $14.6 million loss for the whale—half of what they originally invested. Whale’s Painful Exit: A $14.6 Million Loss in Just One Transaction The whale's decision to divest completely from $MELANIA is a […]