Odaily reported that, according to monitoring by Lookonchain, an ASTEROID whale has recorded a large unrealized loss as ASTEROID continued to fall. The position is currently showing an unrealized loss of $1.53 million, representing an 84% decline in value.
Position bought for $1.81 million now valued at $282,000
The whale previously spent $1.81 million to purchase 4.21 billion ASTEROID tokens. Based on the current position value tracked by Lookonchain, those holdings are now worth only $282,000. The difference between the purchase cost and the current valuation accounts for the reported unrealized loss.
An unrealized loss refers to a paper loss calculated from the current market value of a position that has not been sold at that price. In this case, the figures highlight the change in valuation of the whale’s ASTEROID holdings during the token’s continued decline, as well as the scale of paper losses that a large address can face when holding a single volatile token.