Trader Who Had Been Holding This Altcoin Since 2021 Finally Sold: Suffered Heavy Losses

The sharp decline in the cryptocurrency market in recent days has also deeply affected large investors.

On-chain data reveals that some whales are closing positions they’ve held for years, incurring heavy losses. The large losses on Uniswap (UNI) have been particularly striking.

Whale 0x3136, who held 512,440 UNI for nearly five years, finally surrendered. The investor deposited all his assets on Binance, closing the position with a loss of approximately $11.64 million. The whale withdrew these UNI from Binance in April 2021 at an average price of $29.83. At the time, his portfolio was worth $15.28 million, but during the recent sell-off, the total value of his assets had fallen to $3.64 million.

The newly created wallet with the short address 0x499f attracted attention by withdrawing 5,000 ETH (approximately $15.04 million) from Binance in the last 4 hours.

Another whale who has been trading against the market for months, 0x5D2F, has made a massive profit on a short position against Bitcoin. His short position of approximately 1,232 BTC ($113.27 million) currently represents over $24 million in unrealized profit.

This investor’s total profit on Hyperliquid has exceeded $51 million, and he also earned $9.2 million in funding fees alone.

One of the most dramatic losses of the recent period belongs to the 0x4ed0 wallet. The investor had accumulated ETH and WBTC through a debt loop strategy, but the sharp price drop plunged these positions into significant losses. He bought 18,447 ETH at an average cost of $4,417 ($81.5 million) and accumulated 1,560 WBTC at an average cost of $116,632 ($182 million).

Over the last three days, he sold his entire ETH position for an average of $3,046, closing his debts. This transaction resulted in a total loss of more than $25 million. The losses on the WBTC side continue. The whale’s 1,560 WBTC holdings are currently worth $138.56 million, with an unrealized loss of over $43 million.

*This is not investment advice.