On April 2nd, data from @EmberCN showed that a whale or suspected investment organization has suffered a significant loss from last October to date due to price fluctuations of EIGEN and HYPE. Initially, this investor bought 8.917 million EIGEN at a medium price of $3.64, with total costs reaching $32.45 million. However, the sharp decline of EIGEN caused them to lose $17.19 million, causing substantial damage to their investment portfolio.

At the end of December 2024, to reduce risk, this investor decided to sell 2.417 million EIGEN at a medium price of $3.77, receiving 9.12 million USDC. However, instead of keeping Capital in stablecoin to preserve value, they continued to bet on the market by purchasing 295,000 HYPE at a high price of $30.9. Immediately after buying, HYPE's price plummeted, now only at $13, causing this investor to suffer a temporary loss of up to $5.21 million from this transaction alone.

In early 2025, the investor continued to liquidate an additional 2.862 million EIGEN at a significantly lower price, only $1.068/EIGEN, receiving 31.6 WBTC (valued at approximately $3.05 million). To date, the whale's initial investment of $32.45 million has sharply decreased, leaving only $10.03 million in asset value, including 295,000 HYPE (valued at around $3.9 million at the current price of $13/HYPE), 3.638 million EIGEN (valued at around $3.08 million), and 36.1 WBTC (valued at around $3.05 million).

Total losses have reached $22.42 million, equivalent to a 69% decrease from the initial Capital. This case demonstrates the high risks of investing in highly volatile cryptocurrency assets without an effective risk management strategy.