A whale closed out its long position in $LIT after 34 days, incurring a loss of $3.7 million.

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According to Onchain Lens monitoring, whale "0xf39" just offloaded their complete $LIT holdings after approximately 34 days, absorbing a staggering $3.70 million loss. This substantial hit suggests the whale clearly miscalculated this position. Moreover, the outcome demonstrates how even major players can face severe consequences when market timing proves unfavorable in the volatile crypto landscape.

PANews reported on February 1 that, according to Onchain Lens monitoring, after holding a long position in $LIT for approximately 34 days, whale "0xf39" has completely closed out its position, incurring a loss of $3.7 million.