一隻鯨在三個山寨幣中積極建立數百萬美元的頭寸後，損失了數百萬美元

在加密貨幣世界的另一個令人驚嘆的發展中，一條錢包的鯨魚在三個山寨幣，$ pnut，$ ai16z和$ arc中積極地建立了數百萬美元的位置，現在持有令人震驚的匯總損失，幾乎全部未實現。

Another stunning development in the crypto world. One whale of a wallet that has aggressively built multimillion-dollar positions in three altcoins—$PNUT, $ai16z, and $ARC—now holds an astounding aggregate loss that is nearly all unrealized.

加密世界中的另一個令人驚嘆的發展。一個錢包的鯨魚在三個山寨幣（$ pnut，$ ai16z和$ arc）中積極建立了數百萬美元的位置，現在持有驚人的總損失，幾乎全部未實現。

Across five months, the balance in the wallet has swayed from almost $10 million in profit to just under $10 million in loss; at this moment, a tipped-to-the-side scale between unrealized and realized loss precariously balances the two rather against the backdrop of the very profitable-looking alcoves of $PNUT, $ai16z, and $ARC, now harboring a whale.

在五個月的時間裡，錢包的餘額從近1000萬美元的利潤下降到損失不到1000萬美元；目前，未實現和實現的損失之間的範圍是穩定的，這是在兩者，$ pnut，$ ai16z和$ arc的外觀非常有利可圖的壁co的背景下平衡兩者的平衡。

As per the blockchain data and trading activity analysis, the wallet in question deployed a total of $16.41 million in capital to pile up positions across the three tokens. But things went south quickly, with all three trades now in the red — two already closed at a loss and one still open with a substantial floating deficit.

根據區塊鏈數據和交易活動分析，所討論的錢包總共部署了1641萬美元的資本，以堆積三個令牌的頭寸。但是事情很快就向南行駛，現在所有三筆交易都處於紅色狀態 - 兩人已經虧損了，一個仍有大量浮動赤字開放。

Most of this whale’s capital went to $PNUT. The investor spent about $9.12 million to assemble a position at an average cost of $0.3448 per token. This move first got analysts’ and retail traders’ eyes, with some taking the buy as a bullish signal from a smart player. However, after weeks of downward price pressure, the wallet threw in the towel and fully exited its $PNUT position just two weeks ago — realizing a loss of $4.975 million.

這鯨的大部分資本都用於$ pnut。投資者花費了約912萬美元，以平均成本為0.3448美元的平均成本。這一舉動首先吸引了分析師和零售商人的眼睛，有些人將購買作為智能玩家的看漲信號。但是，經過數週的下降價格壓力，錢包扔進了毛巾，並在兩週前完全退出了其$ PNUT的位置 - 意識到損失了497.5萬美元。

Next in line is $ai16z, another heavily backed token in the whale’s portfolio. For this position, the investor spent $5.6 million to buy in at an average cost of $0.7447. Unlike the $PNUT play, this position remains open, but it has already generated a massive floating loss of $4.58 million. Unless the price of $ai16z sees a substantial rebound, the whale may be looking at yet another deep red exit if they choose to close it in the near future.

接下來是$ ai16z，這是鯨魚投資組合中的另一個支持令牌。對於這個職位，投資者花了560萬美元的價格以0.7447美元的價格購買。與$ pnut Play不同，該職位仍然開放，但是它已經產生了458萬美元的巨額浮動損失。除非$ ai16z的價格看到了實質性的反彈，否則鯨魚可能會在不久的將來關閉鯨魚的另一個深紅色出口。

The third and final token in this trilogy is $ARC. This whale entered this position at a cost of $0.2914, deploying $2.77 million in capital. But after market conditions turned against the token, this whale exited the position two months ago, realizing a loss of $426,000. Compared to the other two, this was a smaller bet — but still contributed to the overall drawdown.

這部三部曲中的第三個也是最後一個令牌是$弧。該鯨魚以0.2914美元的價格進入該職位，部署了277萬美元的資本。但是，在市場條件與代幣抗衡之後，這鯨在兩個月前退出了該職位，意識到損失了426,000美元。與另外兩個相比，這是一個較小的賭注 - 但仍導致整體下降。

These trades have incurred such damage that now they stand at an astonishing $9.98 million in realized and unrealized losses, reaping a 60 percent decline from the original investment capital. I am just stating obvious facts here, with my subpoenaed lawyer’s hat on.

這些交易已經造成瞭如此損失，以至於他們現在處於驚人的998萬美元實現和未實現的損失，與原始投資資本相比下降了60％。我只是在這裡說明了明顯的事實，並帶著我的傳票律師的帽子。

短短五个月时间，「曾花费 1641 万美金建仓 $PNUT & $ai16z & $ARC 的巨鲸」已累计亏损 998 万美元，资产缩水超 60%

短短五個月時間，「曾花費1641 萬美金建倉$PNUT & $ai16z & $ARC 的巨鯨」已累計虧損998 萬美元，資產縮水超60%

's wallet has an aggressive entry into its positions and seems to be managing them with high conviction, which naturally gave off the impression of having either some insider knowledge or the sort of institutional backing that, say, some big hedge fund might offer. In reality, though, we have no idea who is behind the address or how it is getting funded, and analysts at this point can only make educated guesses when working through the possibilities.

的錢包有積極地進入其職位，似乎是在以高度的信念來管理它們，這自然會散發出擁有一些內部知識或某種機構支持的印象，例如，一些大型對沖基金可能會提供。但是，實際上，我們不知道誰在地址背後或如何獲得資金，而目前的分析師只能在解決可能性時做出有根據的猜測。

A Stark Reminder of Risk in High-Cap Altcoin Plays

明顯的提醒高帽山羊競爭的風險

Whale wallets are a form of sentiment analysis for many retail traders. If a large player is in a position, he must know something, right? Not necessarily. The recent story of FTX proves that size and even seemingly sophisticated strategies are no guarantee of success. If you follow a whale wallet, you are betting, in a way, on the smarts of a large and presumably informed player. But those bets can go bad in a hurry in crypto.

鯨魚錢包是許多零售商人的情感分析形式。如果大型球員處於位置，他必須知道一些事情，對嗎？未必。 FTX的最新故事證明了大小，甚至看似複雜的策略並不能保證成功。如果您遵循鯨魚錢包，您將在某種程度上押注大型且大概是知情的球員的智慧。但是這些賭注可能會急於加密貨幣。

Regardless of if the wallet is owned by Galaxy Digital or another institutional player, the losses show how fast times can change — even for whales. The recent market volatility, coupled with the thin liquidity across many altcoins, is now forcing large holders to truly consider their positions. It’s becoming increasingly difficult to manage sizable stakes in many altcoins without a) suffering serious slippage (which is how we got here in the first place), or b) essentially acting as a market maker (which is what large holders usually do when they want to get in or out of a position without causing too much of a scene).

無論錢包是由Galaxy Digital還是其他機構參與者擁有的，損失都表明時間可以改變的速度，即使是鯨魚也是如此。最近的市場波動，加上許多山寨幣的流動性稀薄，現在迫使大型持有人真正考慮其立場。在沒有a）嚴重打滑的情況下管理許多山寨幣的大量賭注變得越來越困難（這是我們首先到達這裡的方式），或b）本質上是作為做市商的（這是大型持有人通常想在不造成太多場景的情況下進出位置時做的事情）。

Currently, the attention is on the $ai16z position, which is still open. If the token keeps falling, the whale might have to take more losses in the near future. But if the token reverses and the market turns, the whale might have a chance to see some of these losses get reduced.

目前，注意力集中在$ AI16Z位置上，該位置仍然開放。如果代幣不斷下降，那麼鯨魚可能在不久的將來可能會造成更多的損失。但是，如果代幣逆轉和市場轉變，鯨魚可能會有機會看到其中一些損失減少。

This saga is a powerful warning story

這個傳奇是一個有力的警告故事