Odaily Planet Daily reports, according to on-chain analyst Yujin, an address spent $200,000 to purchase LAPTOP, and hours later, the value of its holdings dropped to $700. This address again spent $49,000 this morning to buy 24,367 LAPTOP tokens at $2 each; the current price has fallen to $0.80. The address currently holds 25,286 LAPTOP tokens with an average cost basis of $9.80, resulting in a paper loss of 92%, or $227,000.
Trader Suffers 92% Loss After Two LAPTOP Purchases, Floating Loss Reaches $227,000
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Summary
A trader lost 92% of their investment after purchasing LAPTOP twice, with a current floating loss of $227,000. The address initially spent $200,000 when the crypto price was high, but the value plummeted to $700 within hours. They later added $49,000 at $2 per token, while the LAPTOP token now trades at $0.8. The position holds 25,286 LAPTOP tokens with an average cost of $9.8, resulting in a substantial loss.
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