Summary
- USDAI (CHIP) has surged, while whale investors have posted a string of large losses.
- One whale wallet, 0x5C2, built a 3x leveraged short position in USDAI and is now sitting on losses of more than $1.7 million.
- Another whale wallet, 0x0ee, earned gains on a long position before switching to a short position, suffering partial liquidation and ultimately closing the trade with losses of more than $1.26 million. USDAI was trading at $0.13489 in Binance's USDT market, up 132%% from a day earlier.
Forecast Trend Report by Period
USDAI (CHIP) has surged after listing on major cryptocurrency exchanges in South Korea and overseas, triggering a string of large losses for whale investors.
On-chain data platform OnchainLens said on April 22 that one whale wallet, 0x5C2, built a 3x leveraged short position in USDAI over the past 24 hours and has racked up losses of more than $1.7 million.
Another whale wallet, 0x0ee, deposited about $1.9 million in USDC and made its first USDAI trade. The investor initially earned about $323,000 on a long position, then switched to a short position, suffered a partial liquidation and ultimately closed the trade with losses of more than $1.26 million.
USDAI was trading at $0.13489 in Binance's USDT market, up 132% from a day earlier.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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