David Edwards
A major investor, recently liquidated their entire stash of 213,695 Lybra Finance (LBR) tokens. This transaction, completed in a mere six minutes through four separate deals, earned the investor a total of 86.45 ETH, equivalent to about $201,000. The tokens were sold at an average price of $0.939 each. At the time of reporting, LBR is trading at $0.9228.
This investor had initially acquired these LBR tokens in two separate purchases on November 19 and December 27, 2023, spending a total of 125 ETH. The average purchase price then was $1,215.
However, this recent divestment turned out to be a financial setback for the investor. The return on investment (ROI) from these latest transactions was -28.2%, leading to a loss of 38.5 ETH, or roughly $85.3 thousand, in just two months.
This sell-off coincided with a 12% decline in LBR’s value over the past 24 hours, largely seen as a reaction to the broader market downturn. This sharp fall in value might have triggered a ‘stop loss’ strategy set by the investor, aiming to minimize further losses, and ultimately leading to the disposal of all LBR assets.
Currently, this prominent investor no longer possesses any LBR tokens.
Disclaimer:
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