Remember this trader? How do you think he feels now?

As the price of MOONs skyrockets and hit a new ATH of $0.449 from all the bullish news (Reddit ToS change and Cryptodotcom listing), my mind is reminded of a particular post from a month ago. This particular trader swapped a whopping 445,615 moons for 24.9 ETH on SushiSwap. For context, before he made the swap, the price of MOONs was around $0.13 at that point in time, making his stash worth around ~$58K.

https://nova.arbiscan.io/tx/0x101b8d99c7c220e5c00446e7797a76524d9b65fda8a0919cb6910d1c7fb2a403

MOONs price on MEXC

As soon as he swapped, price of MOONs tanked from $0.13 to $0.08. He managed to make out with 24.9 ETH, which is worth around $42K (1ETH=$1710) at that point in time, taking a loss of about $16K. What I understood about this trader is that he has been slowly accumulating MOONs for around 3 months and bought between $0.2-0.3 (so his real loss is more than 50%). If he would have held for another month, he would've been at least 20% in profit. Goes to show you how unpredictable crypto is.

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Price of MOONs tanked on 9th June

Fortunately for him, it seems like he is doing well for himself and remains to be a whale. His various wallets combined still hold about $670K worth of ETH.

So, what do you think he is thinking when he sees that MOONs have skyrocketed in price? Do you think he will FOMO in again?

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