LaserCat397 bought nearly $70,000 worth of SLINK at a high price, cutting losses at $64,400

According to Odaily, on-chain data shows that well-known trader LaserCat397 invested approximately $69,700 in SLINK across two transactions during its rapid price surge. About $50,000 was used to buy when SLINK's market cap was $30.9 million, while the remaining roughly $20,000 was spent when the market cap stood at $18.4 million, resulting in an average entry market cap of approximately $25.8 million.

As SLINK subsequently experienced a sharp decline, he eventually sold when the market cap dropped to around $1.9 million, recovering only about $5,295. The single trade resulted in a loss of approximately $64,400, representing a loss rate of 92.42%.