A wallet tracked by Lookonchain has exited its CASHCAT position after holding the token for just one day as the price kept falling. According to the on-chain monitoring account, the address sold all 6.12 million CASHCAT and received 383.6 ETH in return, valued at about $735,000. The trade resulted in a loss of 135 ETH, or roughly $259,000. The move was described as a stop-loss exit after a brief holding period. The transaction adds to the latest whale activity around CASHCAT and reflects how quickly some large holders are cutting positions during a price decline.
On July 15, BlockBeats reported that, according to Lookonchain, a wallet exited its CASHCAT position after holding the token for only one day as the price continued to fall.
The address sold all 6.12 million CASHCAT for 383.6 ETH, worth about $735,000. The trade resulted in a loss of 135 ETH, or around $259,000.
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