Back in Profit After Nine Months: Is the Whale’s $5 Million Gain Really in the Bag?

A whale’s $6.4 million USELESS investment has moved into over $5 million in profit after a wait of more than nine months.

Lookonchain reported that the whale tracked with the tag jew.sol holds 34.9 million USELESS, and the current value of these assets has reached approximately $11.4 million. The position had at one point dropped to an unrealized loss of over $5 million.

The whale purchased 34.9 million USELESS by spending a total of $6.4 million in September and October 2023. The average purchase price was $0.1833. The position, which remained in the red for a long time, returned to profit following the surge in the price of USELESS.

USELESS Position Flips from Loss to Profit

At the time of the post, the price of USELESS was at the $0.33 level, rising 33.83 percent on a daily basis. At this level, the whale’s position carries over $5 million in unrealized profit compared to its cost.