Dragonfly Capital may have lost $44 million due to its investment in PERP tokens

ChainCatcher news, according to Lookonchain monitoring, about 11 hours ago, an address marked as Dragonfly Capital transferred 4.69 million PERP (approximately 2.17 million USD) to Binance.

On-chain records show that Dragonfly Capital began buying and staking PERP on July 20, 2021, acquiring a total of 4,264,921 PERP at an average purchase price of 10.92 USD. Based on the current price, this transaction has resulted in a floating loss of 44 million USD. (Source link)