A trader sold out of LAPTOP at $0.6 last night, locking in a loss of $234,000, according to on-chain analyst Yu Jin. The wallet had put in a total of $249,000 and recovered only $15,000 on exit, leaving the position down 94%. Yu Jin said the trader was the biggest "victim" in the LAPTOP trade tied to Biden's son. The trader first bought LAPTOP at $217.5 when the token went live the night before. Within hours, the price fell from triple digits to single digits. The trader then added to the position at $2 early yesterday, but the decline continued, ending with a full exit at $0.6.
According to Odaily, on-chain analyst Yu Jin said a trader fully exited LAPTOP at $0.6 last night, realizing a loss of $234,000.
The trader had invested a total of $249,000 and recovered $15,000 after selling, leaving the position down 94%.
Yu Jin said the trader was the biggest "victim" in the LAPTOP trade tied to Biden's son.
The timeline shared by Yu Jin shows that the trader first bought LAPTOP at $217.5 when the token launched the night before. Within a few hours, the price fell from triple digits to single digits. Early yesterday, the trader added to the position at $2, but the price kept falling. The trader then sold at $0.6 last night.
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