Whale’s Risky Bet On $RIPETH Ends In Dramatic $143K Loss
In a striking series of moves, a prominent whale, who recently accumulated 206,111 $SOL (worth around $36 million) in just nine days, made headlines by creating a new token called $RIPETH. This token, possibly intended as a playful jab at Ethereum ($ETH), initially skyrocketed to a market cap of $12 million but swiftly plummeted to just $1.2 million. Nine days ago, this whale began withdrawing large amounts of $SOL from Binance and started staking it. Shortly after, they launched $RIPETH without promoting it, and for about a week, the token stayed under the radar. Then, just four hours ago, $RIPETH began attracting investors, likely due to increased awareness on social media. Sensing the sudden attention, the whale withdrew an additional 200 $SOL from Binance to invest in $RIPETH, sparking even more interest in the token. However, after briefly holding, the […]
