Odaily News According to analysis by Ember, the cryptocurrency Cocoro experienced dramatic fluctuations within 12 hours. Some investors made profits through short-term trading strategies, but others suffered huge losses due to counter-trend operations. On-chain data showed that an anonymous address bought near the highest price and quickly sold at a loss, which may be the biggest loser at present.
The address invested $534,000 to buy 6.4 million Cocoro at an average price of $0.0836 last night, but sold it at a low price of $0.0338 2 hours ago, with a loss of $317,000 in a single transaction (loss rate of -59%). Analysis pointed out that this operation coincided with the correction period when Cocoro fell rapidly from a high of $0.085 to $0.034.