Multiple MON Whales Face Full Liquidation Amid Price Decline

Lookonchain data reveals whale 0x755b’s $2.31 million MON purchase is now over $250,000 underwater, highlighting steep losses among large holders amid market weakness.

USDC

Summary

Lookonchain data shows whale address 0x755b spent $2.31 million USDC to buy 70.64 million MON tokens at an average price of $0.03267 since launch. The position currently carries an unrealized loss exceeding $250,000 due to recent price drops. This aligns with prior reports of other MON whales facing large liquidations and losses during the ongoing market downturn.

Terms & Concepts
  • Whale: A term used for individuals or entities holding large amounts of cryptocurrency, capable of influencing market movements.
  • Liquidation: The forced closure of a trading position when margin requirements are not met, often resulting in loss of assets.
  • Hyperliquid: A cryptocurrency futures and perpetual trading platform known for high liquidity and rapid transactions.