After a Whale converted their SPX position to DOGE, they incurred a floating loss of approximately $1.33 million.

2024-11-15 09:58:03

On November 15th, PANews reported that, according to Lookonchain, an encryption Whale had converted all of their $SPX positions to $DOGE in the past two days. The Whale first dumped $10.6 million worth of $SPX for a profit of about $920,000; then bought 13.95 million $DOGE for $6.2 million. However, due to the fluctuation of $DOGE price, their holdings are currently worth only about $4.88 million, resulting in a short-term loss of $1.33 million.

SPX9.6%

DOGE1.6%

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