A certain MELANIA whale cut its losses, with a deficit reaching 14.61 million US dollars

A MELANIA whale address sold 13.975 million MELANIA tokens on the chain for a cut of meat, converting it into 14.316 million USDC, directly smashing the price of MELANIA by 14.5% (from $1.17 to $1).

This whale purchased or single-sided liquidity through DEX a month ago, spending a total of 28.93 million USDC to hoard these 13.975 million MELANIA tokens at an average cost price of $2.07.

Four hours ago, all were sold and converted into 14.316 million USDC, resulting in a loss as high as $14.61 million (-50%). It was exactly halved.