Quick Sale of LBR Tokens Leads to $85.3K Loss for Investor

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.

source

Disclaimer: 

This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular individual.

Don’t forget to join our Telegram Channel for latest Airdrops and Updates.