🐋 A whale made a costly mistake with a $JCT position, while his $AIN position was quietly becoming a big winner.
Wallet 0x594FcF... spent around $1.7 million to buy 200 million $JCT near the top.
It then sent half the tokens back to KuCoin for around $609,000. The remaining 100 million $JCT are now worth around $501,000.
That means a loss of around $590,000 on the entire JCT position, including the loss on the remaining tokens.
But there’s another side to this wallet.
It also bought 7 million $AIN for around $1.09 million. All the tokens are still there, now worth around $1.63 million — an unrealized gain of around $540,000.
Even a $540,000 gain hasn’t fully offset the losses from JCT. Combined, these two positions are still down around $50,000 based on the figures above.
A good reminder: even big wallets make trading mistakes. 🫡
Wallet 0x594FcF... spent around $1.7 million to buy 200 million $JCT near the top.
It then sent half the tokens back to KuCoin for around $609,000. The remaining 100 million $JCT are now worth around $501,000.
That means a loss of around $590,000 on the entire JCT position, including the loss on the remaining tokens.
But there’s another side to this wallet.
It also bought 7 million $AIN for around $1.09 million. All the tokens are still there, now worth around $1.63 million — an unrealized gain of around $540,000.
Even a $540,000 gain hasn’t fully offset the losses from JCT. Combined, these two positions are still down around $50,000 based on the figures above.
A good reminder: even big wallets make trading mistakes. 🫡
