An Insider at a <strong>LIBRA</strong> Whale Reversal Band, Losing $695,000 in Seven Minutes

BlockBeats News, February 16: According to ai_9684xtpa's monitoring, in the past 24 hours, the majority of transactions involving holdings of over a million dollars in LIBRA tokens by the top addresses were mainly for swing trading. The whale with address "5AS99...H48Sm" engaged in a short position and incurred a loss of $695,000 in seven minutes.

The whale had spent 2.5 million USDC to purchase LIBRA at an average price of $0.5206 per token three hours ago. Shortly after establishing the position, a sharp decline occurred, leading the whale to sell off in batches at an average price of $0.3759 per token.