A trader who faced a potential loss of $570,000 due to a price drop in the Real AIOS Foundation (AIOS) token managed to cover the deficit in just two days, according to Lookonchain analysts.
The trader who spent $1.19M to buy $AIOS 2 days ago has now turned a $570K loss into a $755K profit.
— Lookonchain (@lookonchain) January 14, 2025
This trader spent 6,357 $SOL($1.19M) to buy 11.49M $AIOS 2 days ago and lost $570K during the period.
This 11.49M $AIOS is worth $1.95M currently, with an unrealized profit of… pic.twitter.com/ucMs7Uc6Tj
On January 12, the user spent 6,357 SOL (about $1.19 million) to purchase 11.49 million AIOS. Over the next couple of days, the token’s price decline resulted in a theoretical loss of $570,000.
However, in the past 24 hours, AIOS’s price rose by 148%, as per CoinGecko. Consequently, the trader’s holdings are now worth $1.95 million, generating an unrealized profit of $755,000.
In a separate development, analysts revealed that a Bitcoin whale had maintained a long position on the decentralized platform Hyperliquid for about a month. On January 13, amid the general market correction, the whale incurred losses of $7 million, having paid over $1 million in funding fees for the open position.
As the market fell further, this whale who was long $BTC on #Hyperliquid has lost ~$7M!
— Lookonchain (@lookonchain) January 13, 2025
He's been holding on for one month and has incurred more than $1M funding fees.https://t.co/7LK4HQxxb3 pic.twitter.com/qhe4zUZ0ja
Previously, Cryptol reported that a four-hour trade in the meme coin Large Language Model (LLM) earned one investor a 1,885x return.