Crypto Whale Disappears, Leaving $24M Unrealized Profit
1min read A prominent cryptocurrency whale, known as "First Sets 10 Major Goals," has reportedly hidden all of its positions and operations, according to a tweet by @ai_9684xtpa. If calculated based on the previous opening price of $93,729 and the holding quantity of 2285 BTC, the current unrealized profit is estimated to be around $24.41 million.
The news comes amidst a volatile market environment, with the U.S. stock market losing $1.5 trillion and the cryptocurrency market losing $300 billion. Meanwhile, former U.S. President Donald Trump held a lavish press conference, during which he expressed his intention to make the U.S. the world capital of cryptocurrency.
In other news, a soccer player turned cryptocurrency entrepreneur, known as the "Soccer Wizard," has been accused of conducting a "rug pull" scam, causing significant losses for retail investors. The incident has raised concerns about the lack of regulation and oversight in the cryptocurrency industry.
Separately, Trump's cryptocurrency strategic reserve plan has been compared to "Schrodinger's cat," a thought experiment that illustrates the paradoxical nature of quantum mechanics. The plan, which involves the U.S. government purchasing and holding cryptocurrencies, has been criticized for its potential impact on the market and the lack of transparency surrounding the decision-making process.
As the cryptocurrency market continues to evolve, investors and regulators alike are grappling with the challenges posed by the industry's rapid growth and the need for greater oversight and regulation. The actions of prominent whales, such as the one in question, can have a significant impact on the market, highlighting the importance of transparency and accountability in the industry.
