Crypto influencer lost $8 million in one month from a $15 million investment
The cryptocurrency market went through a shakeout, with most cryptocurrencies experiencing a crash in the past 24 hours. A crypto influencer and Ethereum (ETH) supporter currently holds $8 million in unrealized losses with the ERC-20 token FRIEND. Notably, the pseudonymous influencer Machi Big Brother, with 164,400 followers on X, has over 50% losses with FRIEND. Lookonchain spotted the one-month losing position from the labeled account and reported it in a post on June 8. Machi Big Brother(@machibigbrother) has been buying $FRIEND since May 3. He has spent 4,975 $ETH($15.6M) to buy 8.6M $FRIEND at an average price of $1.81. At the current price, he lost $7.9M on $FRIEND!https://t.co/j5UByo2jpN pic.twitter.com/tiew7f377A — Lookonchain (@lookonchain) June 8, 2024 According to the on-chain analyst, Machi Big Brother has been buying the token since May 3. Overall, he bought 8.6 million FRIEND for an average price of $1.81. The crypto influencer spent 4,975 E...