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A whale "rug pulled" and sold 400 WBTC to repay a debt, facing a $51.17 million loss after buying the top and pulling the rug at the bottom
BlockBeats News, January 26th, according to on-chain analyst yu jin monitoring, the "Whale Who Bought $263 Million in WBTC and ETH at a High Through a Collateralized Loan" continued to sell off after Bitcoin dropped to $86,000 today, selling 400 WBTC to get 34.67 million USDT for repayment, with a sell-off price of $86,694.
Due to buying high and selling low, the whale has realized a massive loss of $51.17 million:
· Bought 18,517 ETH at a price of $4,415 ($81.75 million), all liquidated at an average price of $3,049, realizing a loss of $25.29 million;
· Bought 1,560 WBTC at a price of $116,762 ($182 million), sold 960 tokens at an average price of $89,798, realizing a loss of $25.88 million.
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