Two significant whale addresses have suffered substantial losses totaling nearly $3 million from trading CHIP. The address "0x5C2" opened a 3x short position on CHIP, resulting in an unrealized loss of over $1.7 million. Meanwhile, another whale, "0x0ee," initially profited $323,000 from a long position on CHIP but was later partially liquidated on a short position, closing with a loss exceeding $1.26 million.