Whale Faces 44% Loss After $1.99M SUNDOG Investment
A whale who recently invested $1.99 million into SUNDOG is now facing a significant floating loss of 44%, equivalent to $880,000.
The investor withdrew 13.07 million TRX from Binance just four days ago and used it to purchase 3.52 million SUNDOG in a single transaction. This large buy caused a notable price spike, pushing SUNDOG to $1 due to slippage.
The whales average purchase price was around $0.565, but with the current SUNDOG price now down to $0.313, the investment has taken a major hit.
4 $1.99M $SUNDOG 44% (-$0.88M)
4 1307 TRX ($1.99M) 352 SUNDOG SUNDOG $1
$0.565 SUNDOG $0.313 44% pic.twitter.com/7VNkEuViWE(@EmberCN) September 17, 2024
Despite this loss, SUNDOG continues to boast strong market metrics. It currently has a market cap of over $325 million, which had previously surged to $1 billion. The 24-hour trading volume stands at over $8.5 million, with more than 100,000 holders.
The Sun keeps shining on $SUNDOG
Now were up to:
$325M+ Market Cap (dont forget we already touched $1B)
$8.5M+ 24hr volume
100k+ holdersTo crown it all up, $SUNDOGs has already ticked all the boxes for a @binance listing which we definitely should be https://t.co/1nctcdJ3eH pic.twitter.com/gUP4WGrfW4
Xeusthegreat (,) (@SamuelXeus) September 17, 2024
Following Binances recent listing of NEIRO, TURBO, and BabyDoge, many users on X (formerly Twitter) are now expressing their anticipation for SUNDOGs potential spot listing on the exchange. The recent listings have fueled speculation that SUNDOG could be next in line, providing the token with a significant opportunity for recovery if it secures the Binance listing.
For now, the whales heavy investment sits at a loss, but the future of SUNDOG, especially with the growing interest in a Binance listing, could potentially see a turnaround.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Text source: NullTX
