Odaily Planet Daily reports: After surging yesterday, SOPH experienced consecutive declines, reaching a low of $0.005145 this morning—a retracement of approximately 62.27% from yesterday’s high of $0.013637.
A large whale took long positions in SOPH near the low point yesterday. At 01:48 yesterday, SOPH touched a low of $0.004645; 17 minutes later, this address began buying long, with the first trade executed at $0.004736—less than 2% above the low. Subsequently, the address added to its position in two concentrated rounds during the price rally, ultimately increasing its long position to 157.92 million SOPH, with a total entry value of approximately $1.0421 million and an average entry cost of $0.006599.
SOPH then rose, reaching $0.011467 at 13:30 yesterday, an increase of approximately 147% from the early morning low; at 13:33, the address's unrealized profit reached approximately $740,700. Starting at 13:35 yesterday, SOPH dropped from $0.011304 to $0.00936 within five minutes, a single 5-minute decline of 17.20%; subsequently, the price experienced another single 5-minute drop of 12.52% and continued falling to this morning's lowest point. Throughout this period, the address did not close its original long position.
At 08:57 today, this address initiated a 12-hour TWAP to sell 100 million SOPH in batches. The first fill price was $0.00525, below the weighted average cost basis of $0.006599. As of now, the address has sold approximately 13.6017 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 approximately $182,400.