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Crypto Influencer Ansem's $317K Loss: VINE Token Liquidation in 50 Minutes

Coin WorldSunday, Jan 26, 2025 11:22 pm ET

1min read

Crypto influencer Ansem has incurred a significant loss after liquidating 4.52 million VINE tokens in the past 50 minutes. The transaction resulted in a loss of $317,000, with Ansem investing a total of $1.056 million in the process.

According to on-chain data analyst @ai_9684xtpa, Ansem initially purchased VINE tokens on January 25th during a market cap run-up to $400 million, with an average cost of $0.3905 per token. However, the price of VINE dropped by 12% in the last 24 hours, leading Ansem to sell at an average price of $0.2723 to cut losses and stop out.

This incident highlights the volatility and risk associated with cryptocurrency investments. Despite the potential for significant gains, investors must be prepared for substantial losses as well. As the crypto market continues to evolve, it is crucial for investors to stay informed and exercise caution when making investment decisions.

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