Whale's ZRO Long Position Partially Liquidated, Leading to a $2.88 Million Loss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: moomoo
Financial Losses: Kelpie DAO suffered approximately $294 million in losses due to the Layer Zero bridging exploit.
Token Value Decline: The value of the ZRO token plummeted from $2 to $1.4, indicating significant market impact.
Liquidation Issues: A whale holding a position on ZRO faced partial liquidation, resulting in a loss of $2.88 million.
Unrealized Losses: The whale is currently facing unrealized losses exceeding $750,000, contributing to a total loss of about $28.98 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
