【Blockchain Rhythm】On-chain data shows that the whale address nemorino.eth experienced a rollercoaster in a WETH swing trade, going from huge unrealized gains to deep losses.
This whale started accumulating on November 24 of last year, continuously building a position for nearly two months, ultimately purchasing 9,043 WETH at an average cost of $3,085. When the market was good at the end of last year, this position had an unrealized profit of up to $2.87 million, seeming to be a sure win.
But markets can turn on a dime. Recently, the WETH price has fallen, and the whale failed to take profits in time. Instead, during the decline, it was forced to cut losses — selling 3,000 WETH 12 hours ago, resulting in only a $30,000 profit. The contrast in this trade is quite awkward: a full position with an unrealized profit of $2.87 million, but after partial liquidation, only earning $30,000, and ending up with even more losses.
Currently, nemorino.eth still holds 4,089.83 WETH without action, but the account is already showing a floating loss of $472,000. This case is quite thought-provoking — even big players are not immune to the difficulties of market timing.
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ZKProofster
· 19h ago
ngl this is basically the textbook definition of "hodl at the wrong time" — dude had 2.87M unrealized and paper-handed into a 30k exit? technically speaking that's not even a trade, that's just... capitulation with extra steps.
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BearMarketBro
· 19h ago
2.87 million floating profit only locked in 30,000. This whale has probably been educated by the market. Greed is really deadly.
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MEVHunterZhang
· 19h ago
2.87 million unrealized gains turned into losses, how shattered must this mindset be, haha
Whale nemorino.eth WETH Set Reminder: Reflection on the trade from 2.87 million floating profit to 470,000 floating loss
【Blockchain Rhythm】On-chain data shows that the whale address nemorino.eth experienced a rollercoaster in a WETH swing trade, going from huge unrealized gains to deep losses.
This whale started accumulating on November 24 of last year, continuously building a position for nearly two months, ultimately purchasing 9,043 WETH at an average cost of $3,085. When the market was good at the end of last year, this position had an unrealized profit of up to $2.87 million, seeming to be a sure win.
But markets can turn on a dime. Recently, the WETH price has fallen, and the whale failed to take profits in time. Instead, during the decline, it was forced to cut losses — selling 3,000 WETH 12 hours ago, resulting in only a $30,000 profit. The contrast in this trade is quite awkward: a full position with an unrealized profit of $2.87 million, but after partial liquidation, only earning $30,000, and ending up with even more losses.
Currently, nemorino.eth still holds 4,089.83 WETH without action, but the account is already showing a floating loss of $472,000. This case is quite thought-provoking — even big players are not immune to the difficulties of market timing.