A trade and more like a dare gone wrong🥶!.
So, picture this --- a whale steps onto Lighter with a whole lot of confidence and maybe a little too much heat. Drops in 8.39M USDC, starts building a long on $ARC that’s… honestly ridiculous in size. 210M ARC. About $20M worth. Price creeps up, then jumps, then suddenly it’s flirting with $0.15.
But markets don’t really care about force. They care about exits.
Somewhere in the middle of that pump, another whale -- we say "older money" -- starts peeling off their bags. This one bought 16.2M #ARC months ago for pocket change, relatively speaking. Instead of panicking or smashing sell, they just… drip it out. Slow. Clean. 9.8M ARC sold around $0.115, pulling in $1.13M. Still sitting on 6.4M ARC, still green. Approx $861K profit locked and not even breaking a sweat.
And then, yeah… the air comes out.
Price slips. Then slips harder. Leverage starts to wobble. That giant 210M ARC long.... completely Gone. fully Liquidated.
By the end of it all, 0x5F64 withdraws what’s left -- 3.06M USDC and that’s the curtain. Net result: a $5.3M loss, a failed push, and a pretty loud reminder that size alone doesn’t scare a market.
Addresses, for anyone tracking it closely:
0x5F64C8C5C5D0811130c3A314bCF2c791aa6e6452
3hyWeRMoZAf9U9FJGKH8wZVL7YnYR8MLWEurrXkRuPhU
