一只鲸在三个山寨币中积极建立数百万美元的头寸后，损失了数百万美元

在加密货币世界的另一个令人惊叹的发展中，一条钱包的鲸鱼在三个山寨币，$ pnut，$ ai16z和$ arc中积极地建立了数百万美元的位置，现在持有令人震惊的汇总损失，几乎全部未实现。

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.

加密世界中的另一个令人惊叹的发展。一个钱包的鲸鱼在三个山寨币（$ pnut，$ ai16z和$ arc）中积极建立了数百万美元的位置，现在持有惊人的总损失，几乎全部未实现。

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.

在五个月的时间里，钱包的余额从近1000万美元的利润下降到损失不到1000万美元；目前，未实现和实现的损失之间的范围是稳定的，这是在两者，$ pnut，$ ai16z和$ arc的外观非常有利可图的壁co的背景下平衡两者的平衡。

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.

根据区块链数据和交易活动分析，所讨论的钱包总共部署了1641万美元的资本，以堆积三个令牌的头寸。但是事情很快就向南行驶，现在所有三笔交易都处于红色状态 - 两人已经亏损了，一个仍有大量浮动赤字开放。

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.

这鲸的大部分资本都用于$ pnut。投资者花费了约912万美元，以平均成本为0.3448美元的平均成本。这一举动首先吸引了分析师和零售商人的眼睛，有些人将购买作为智能玩家的看涨信号。但是，经过数周的下降价格压力，钱包扔进了毛巾，并在两周前完全退出了其$ PNUT的位置 - 意识到损失了497.5万美元。

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.

接下来是$ ai16z，这是鲸鱼投资组合中的另一个支持令牌。对于这个职位，投资者花了560万美元的价格以0.7447美元的价格购买。与$ pnut Play不同，该职位仍然开放，但是它已经产生了458万美元的巨额浮动损失。除非$ ai16z的价格看到了实质性的反弹，否则鲸鱼可能会在不久的将来关闭鲸鱼的另一个深红色出口。

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.

这部三部曲中的第三个也是最后一个令牌是$弧。该鲸鱼以0.2914美元的价格进入该职位，部署了277万美元的资本。但是，在市场条件与代币抗衡之后，这鲸在两个月前退出了该职位，意识到损失了426,000美元。与另外两个相比，这是一个较小的赌注 - 但仍导致整体下降。

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.

这些交易已经造成了如此损失，以至于他们现在处于惊人的998万美元实现和未实现的损失，与原始投资资本相比下降了60％。我只是在这里说明了明显的事实，并带着我的传票律师的帽子。

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%

'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.

的钱包有积极地进入其职位，似乎是在以高度的信念来管理它们，这自然会散发出拥有一些内部知识或某种机构支持的印象，例如，一些大型对冲基金可能会提供。但是，实际上，我们不知道谁在地址背后或如何获得资金，而目前的分析师只能在解决可能性时做出有根据的猜测。

A Stark Reminder of Risk in High-Cap Altcoin Plays

明显的提醒高帽山羊竞争的风险

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.

鲸鱼钱包是许多零售商人的情感分析形式。如果大型球员处于位置，他必须知道一些事情，对吗？未必。 FTX的最新故事证明了大小，甚至看似复杂的策略并不能保证成功。如果您遵循鲸鱼钱包，您将在某种程度上押注大型且大概是知情的球员的智慧。但是这些赌注可能会急于加密货币。

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).

无论钱包是由Galaxy Digital还是其他机构参与者拥有的，损失都表明时间可以改变的速度，即使是鲸鱼也是如此。最近的市场波动，加上许多山寨币的流动性稀薄，现在迫使大型持有人真正考虑其立场。在没有a）严重打滑的情况下管理许多山寨币的大量赌注变得越来越困难（这是我们首先到达这里的方式），或b）本质上是作为做市商的（这是大型持有人通常想在不造成太多场景的情况下进出位置时做的事情）。

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，该位置仍然开放。如果代币不断下降，那么鲸鱼可能在不久的将来可能会造成更多的损失。但是，如果代币逆转和市场转变，鲸鱼可能会有机会看到其中一些损失减少。

This saga is a powerful warning story

这个传奇是一个有力的警告故事