Will the Altcoin Whale Who Suffered Great Losses Win This Time: Made a New Purchase, Raised the Price! - Coin Bulletin

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The investor who suffered a big loss due to FOMO on the first attempt in Altcoin and took action to buy again, raised the price.

An investor who previously lost $2.6 million in the Venice Token (VVV) investment has attracted attention again by making a large purchase. According to on-chain data and analytics platform Lookonchain, the investor bought 299,210 VVV for 674 ETH (1.88 million dollars). Following this move, the VVV token price moved upwards and it remains to be seen whether the investor will make a profit this time.

FOMO had caused losses

The investor in question made his first purchase during a period when VVV was listed on many exchanges and was popular on social media. Buying VVV at high prices due to FOMO, the whale suffered a loss of 2.6 million dollars as the token quickly lost value. Despite this loss, the whale's decision to make another purchase indicates an attempt to recover the losses.

The purchase of Balin affects the price

Large purchases by whales in crypto markets can sometimes cause sudden fluctuations in prices. An example of this is the rise in VVV token price after a re-purchase by the investor.

According to CoinGecko data, VVV token has increased by 38% in the last 24 hours and is currently trading at $5.62 at the time of writing.

FOMO-11.66%
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