Millionaire Crypto Whale Incurs $63.4K Loss on $SOL After Buying Shitcoin Mistakenly | by Farhad Ali | The Capital | Jan, 2025
Table of Contents
- Crypto Whale Experiences Immense Loss of 298 $SOL
- Incident Underscores Risky Nature of Trading in Crypto Market
A crypto whale has recently experienced massive losses. As per Lookonchain, the crypto whale, formerly having pocketed $10M in gains in $swarms, has lost $63,400 in $SOL, indicating the highly risky nature of the crypto trading. The on-chain analytics provider provided the details of this incident on social media.
Lookonchain pointed out that the whale saw a significant loss of up to 298 $SOL tokens. This took place because of the whale’s accidental buyout of the wrong crypto token. This highlights the substantial risks as well as opportunities in the rapidly evolving crypto sector. The respective whale has previously gained a significant popularity for enormous profits.
In line with the market data, the whale has been going through a streak since the 20th of December last year. The noteworthy token buyouts of the whale take into account $swarms, $ZAILGO, and $MCS. The whale reportedly bought 58.95M $swarms tokens at an average cost of nearly $0.038 per…
