According to on-chain analytics platform Lookonchain (@lookonchain), Jelitics, which previously loudly claimed it could accept all $SI tokens, sold half of its holdings at a loss today, offloading 21.38 million $SI tokens worth approximately $279,000. Its total investment in $SI amounted to $1.4 million, and it is currently facing an unrealized loss of $562,000.
Jelitics sells 21.38M $SI tokens at a loss
TechFlowShare
Summary
On-chain analysis shows that Jelitics sold 21.38 million $SI tokens at a loss, worth approximately $279,000. This occurs as altcoins to watch face renewed selling pressure. Jelitics originally invested $1.4 million in $SI, now recording a floating loss of $562,000. Lookonchain tracked the transaction, confirming the large-scale exit. The sale underscores the ongoing volatility in the altcoins to watch category.
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