A MELANIA whale surrendered and cleared its inventory, resulting in a loss of up to 14.61 million US dollars

BlockBeats News: On February 25th, according to EmberCN monitoring, a MELANIA whale address sold 13.975 million MELANIA pieces of meat on the chain four hours ago, which was exchanged for 14.316 million USDC, causing a 14.5% drop in MELANIA prices (from $1.17 to $1). Surrender The whale spent 28.93 million USDC to stockpile 13.975 million MELANIA through direct purchase or unilateral liquidity through DEX a month ago, with an average cost of $2.07. Its losses amounted to $14.61 million (-50%), and its holdings were halved.