Whale Spends $13.64 Million on Memecoins, Faces Significant Floating Losses

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The world of cryptocurrency is extremely unstable. Market trends can swing quite dramatically in just a couple of days or even hours. Yet one whale has taken this uncertain scene and made it even more tumultuous. Over the past three months, the whale has built up positions in a number of memecoins. He spent $13.64 million in total. His three main investments were in $PNUT, $ai16z, and $arc. Right now, the whale is dealing with large floating losses in this super volatile market, which really goes to show how risky it is to trade in such speculative assets. Whale’s Memecoin

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