A certain whale address has heavily positioned itself by buying Chinese Meme at a high level, accumulating unrealized losses of $316.7 million.

On October 16, according to on-chain analyst Ai Yi (@ai_9684xtpa), a certain whale address has accumulated unrealized losses of $3.167 million after heavily positioning itself in Chinese Meme at a high price. After holding for eight days, the $5.601 million invested by this address has now shrunk by 56.5%, with “CEX Life” showing unrealized losses of $2.32 million, and Hakimi being the only asset with unrealized gains.

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