jew.sol turns a $5 million paper loss on USELESS into a $5 million unrealized gain

jew.sol turns a $5 million paper loss on USELESS into a $5 million unrealized gain

N
News Editor
2026-09-09 06:40:20
Blockchain data tracked by Lookonchain shows that wallet jew.sol has held 34.9 million USELESS for more than nine months, with the position now worth about $11.4 million. The address built the position during September and October 2025, spending a total of $6.4 million to acquire the tokens at an average entry price of roughly $0.1833. During the holding period, the wallet at one point faced a paper loss of more than $5 million. That position has since swung into profit as the price of USELESS moved higher. Based on the latest figures cited by BlockBeats, jew.sol is now sitting on an unrealized gain of more than $5 million. The update was published by BlockBeats on Sept. 9 and attributed to on-chain data from Lookonchain. No additional transaction details were disclosed in the report beyond the size of the holdings, the total cost basis, the average purchase price, and the change from a multimillion-dollar paper loss to a multimillion-dollar unrealized profit.

BlockBeats reported on Sept. 9, citing data from Lookonchain, that wallet jew.sol has held 34.9 million USELESS for more than nine months. The position is currently valued at about $11.4 million.

According to the data, jew.sol spent a total of $6.4 million to accumulate the 34.9 million USELESS tokens during September and October 2025. The average purchase price was about $0.1833.

The wallet was at one point sitting on a paper loss of more than $5 million during the holding period. With USELESS rising in price, the position has now flipped to an unrealized profit of more than $5 million.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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