A whale investor has incurred significant losses after spending approximately $7.68 million to purchase 35.7 billion $BEER tokens between May 25 and June 18. The value of these tokens has since plummeted to $1.81 million, resulting in a loss of about $5.87 million, or 76.4%. Despite the substantial loss, the investor has not sold any of the $BEER tokens. The $BEER token, which launched late last month, quickly reached an all-time high market cap of $307 million. Presale buyers of $BEER were given an additional 10-20% of extra tokens.
7 hours ago, a whale 0xcD4 just deposited 200 $BTCB (~$12.04M) and 9,654 $ETH (~$33.64M) to #Binance. Before that, he withdrew 47,039 $BNB (~$27.55M) from #Binance to repay his loan in #Venus and then unstaked all above tokens from #Venus. Address: https://t.co/w9wAWLx9iK https://t.co/LEZiEZOUg5
🐳 moves: 10,500 #BTC (675,061,763 USD) transferred from wallet bc1qhd0 to wallet bc1qxlth5 ☝️ https://t.co/Yhtn3WfOfq
🚨 🚨 🚨 800 #BTC (51,298,340 USD) transferred from unknown wallet to #Kraken https://t.co/8md6nFu3K4
A $WATER'D DOWN $BEER SCAM IN THE MAKING? What we know so far: - The $BEER token launched late last month and almost immediately reached what would be its All time high marketcap of $307M - Presale buyers of $BEER were given an extra 10-20% of extra tokens for their… https://t.co/xjgz6gi5SC
This whale spent ~$7.68M to buy 35.7B $BEER from May 25 to June 18, which is now worth only $1.81M! He has lost ~$5.87M(-76.4%) but still hasn't sold any $BEER. Address: 3ytAdNJmZ32WtzgJ8YxSBiGzM8t8ZqXpw9RkzT9v3Ziw 73EPZ2cx4TM9KbtRCq2hqgmWrDTkn6pzhrvw2ayRGM9N https://t.co/HsW80wFxKK
This whale spent ~$7.68M to buy 35.7M $BEER from May 25 to June 18, which is now worth only $1.81M! He has lost ~$5.87M(-76.4%) but still hasn't sold any $BEER. Address: 3ytAdNJmZ32WtzgJ8YxSBiGzM8t8ZqXpw9RkzT9v3Ziw 73EPZ2cx4TM9KbtRCq2hqgmWrDTkn6pzhrvw2ayRGM9N https://t.co/QynYzQFq6a