Huo Xing Finance reports: On September 9, according to TradingBeats monitoring, SOPH surged yesterday before plunging continuously; this morning, it hit a low of $0.005145, retracing approximately 62.27% from yesterday’s high of $0.013637. The whale address starting with 0xc069, which had accurately timed the bottom yesterday and once held an unrealized profit of $740,700, turned from profit to loss during this sharp decline and initiated a 100-million-SOPH sell-off plan this morning. At 01:48 yesterday, SOPH touched a low of $0.004645. Just 17 minutes later, this address began buying the dip, with its first trade executed at $0.004736—less than 2% above the low. It then added to its position in two concentrated waves during the rally, ultimately expanding its long position to 157.92 million SOPH, with a total entry value of approximately $1,042,100 and an average entry cost of $0.006599 per SOPH. SOPH then surged rapidly, reaching $0.011467 at 13:30—an increase of about 147% from the early morning low—and by 13:33, the address’s unrealized profit peaked at approximately $740,700. However, the rally quickly turned into violent volatility. From 13:35 yesterday, SOPH dropped from $0.011304 to $0.00936 within five minutes—a single 5-minute plunge of 17.20%. This was followed by another 5-minute drop of 12.52%, with prices continuing to decline until this morning’s low of $0.005145. Throughout this period, the address held its original long position unchanged. It wasn’t until 08:57 today that it initiated a 12-hour TWAP order to gradually sell 100 million SOPH. The first sell order executed at just $0.00525—below its average entry cost of $0.006599. As of publication, the address has sold approximately 13.6 million SOPH, realizing a trading loss of about $16,400; the remaining long position of approximately 144.31 million SOPH is valued at around $769,900, with an unrealized loss of about $182,400. Previous news: Capital rushed into the “closing rally,” sending SOPH surging 146%—a mysterious new address was exposed for having accumulated heavy positions in advance and profited significantly.
SOPH Drops 62% from High as Whale Triggers 100 Million Token Sell-Off
MarsBitShare
Summary
Whale activity triggered a sharp drop in SOPH price on September 9, with the token falling 62.27% to $0.005145. A whale with address 0xc069... had purchased 157.92 million SOPH at $0.006599 but incurred losses after a brief rebound. Whale movement prompted a 100 million token sell-off via TWAP. As of the report, 13.6 million SOPH had been sold, resulting in a $1,640 loss, while the remaining 144.31 million tokens carried a $182,400 unrealized loss.
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