Whale Made a Profit Sale with MATIC Coin and These 4: There is a Loss in This Altcoin!

The cryptocurrency market always offers an exciting environment with its ups and downs. This week, two opposing stories emerged. On the one hand, a smart investor made a profit of $8.38 million by selling at the local peak, and on the other hand, an investor lost millions of dollars because the collateral he used lost value. Here are cryptocurrency transactions involving MATIC coin and others…

Whale sold MATIC coin and other cryptocurrencies at their peak

The cryptocurrency market always offers an exciting environment with its ups and downs. This week, we encountered two contradictory stories. On the one hand, a smart investor made a profit of $8.38 million by selling at the local peak, and on the other hand, an investor lost millions of dollars because the collateral he used lost value.

According to the data transmitted by the on-chain analysis platform Spot On Chain, a cryptocurrency whale took advantage of the recent rises and made a profit of $ 8.38 million by selling 5 altcoins. On June 12, when altcoins were at their local peak, Balina sold 40 thousand AAVE, 265 thousand XVS, 2.68 million MATIC, 799 thousand BLUR and 246 thousand ARB and transferred them to the cryptocurrency exchange Binance. This whale had previously managed to make a profit in the Pepe (PEPE) and Uniswap (UNI) processes. Thanks to these two altcoins alone, he made a profit of $11.4 million. The investor was among the prominent names, especially by making large purchases and waiting for the short term, thereby achieving high benefits.

Altcoin investors experience collateral loss

Curve DAO (CRV) token, which underlies the Curve Finance ecosystem, has lost more than 29% in value in the last 24 hours. This decline caused an investor to lose value in the collateral he used on the Fraxlend platform and lose millions of dollars. According to the Lookonchain platform, with the decrease in the CRV price, an investor liquidated 10.58 million CRV ($3.3 million) in Fraxlend.

It is estimated that the investor may be Curve DAO founder Michael Egorov. It is stated that Egorov received stablecoin debt from various DeFi platforms by using CRV as collateral and currently has a collateral of 111.87 million CRV ($33.87 million) and a debt of $20.6 million on four different platforms. These two events reveal how risky and volatile the cryptocurrency market can be. It is important for investors to do detailed research and consider the risks before investing.

The cryptocurrency market has been gaining increasing popularity in recent years. Although this increased interest offers new opportunities for investors, the volatility and risks of the market should not be ignored. Two events this week reveal the contrasts in the cryptocurrency world. While one investor makes a huge profit with his intelligence and real timing, another loses millions of dollars due to the loss of value of the collateral he used. These events are an important warning for those considering investing in the cryptocurrency market. It is important for investors to conduct detailed research and consider the risks before investing.