Chain News Today TheBitTimes.com

Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago, and sold for 14.32 million USDC yesterday, losing $15.68 million. Gu2bnm…xmni spent 10 million USDC to buy 6.69 million MELANIA 22 days ago, and sold 6.27 million USDC in the past two days, losing $3.73 million.” Melania is trading for $0.85 at time of writing, down 93.5% from its all-time high of $13.05, which it hit on January 20th...

On December 31, a crypto wallet belonging to an anonymous crypto trader has shocked both the crypto and the non-fungible token communities on X (formerly Twitter) after the record showed that it had sold five Pudgy Penguins NFT collections for $35 each, totaling only $175. Since the Pudgy Penguins have a current floor price of 21 ETH, the NFT trader has probably suffered nearly a half-million-dollar loss. An NFT Trader Probably Loses Over $300K In a December 31 blog post, Xeer, the founder of ApeVenturesVC and a renowned crypto and non-fungible token influencer confirmed that an undisclosed trader has sold five of his Pudgy Penguins non-fungible token collections for only $175. Based on Xeer findings, the unidentified NFT trader has sold his Pudgy Penguins #5222, Pudgy Penguins# 5996, Pudgy Penguins#2009, Pudgy Penguins#7743, and Pudgy Penguins#1550 NFT collections, all at just $34.99. Oh fuck… Someone just sold 5 of their @pudgypenguins for only $175 USD. They must have mis...