Data: A whale lost nearly $50,000 in 10 minutes due to FOMO misinformation

2023-10-16 22:24:15

Collection

ChainCatcher news, according to Lookonchain monitoring, Cointelegraph's false news about "SEC approving iShares Bitcoin spot ETF" caused many users to FOMO and suffer losses. A whale spent 613,201 USDC to purchase 20.5 WBTC and quickly sold it for 563,970 USDC after confirming the false news. This whale lost over $49,000 in just 10 minutes.

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Whale iShares Bitcoin Spot ETF

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Whale iShares Bitcoin Spot ETF

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