Several prominent cryptocurrency whales have incurred significant losses totaling $200 million since October, according to on-chain trading data. One whale, who heavily invested in Ethereum following the October 11 market downturn, exited with a $2.28 million loss on November 7, after initially losing $9.32 million. Another whale, known for a substantial $97 million short on Zcash, faced a $6.25 million loss over 30 days, including a $560,000 loss on a final short position. Additionally, a Bitcoin long position resulted in a $5.77 million loss for another investor, while an address linked to a 1kx fund co-founder saw a $6.18 million loss over two months. These events highlight the ongoing challenges of value investing in the volatile crypto market.
Crypto Whales Face $200 Million in Losses Amid Market Volatility
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