Cocoro lost nearly 60% of the high-level pick-up at a certain address

DailyNews

According to Ember analysis, the cryptocurrency Cocoro experienced sharp fluctuations within 12 hours, with some investors making profits through short-term trading strategies, but others losing large amounts due to contrarian operations. On-chain data shows that an anonymous address that buys near the highest point of the price and quickly leaves the market, or becomes the biggest loser at the moment. The address spent $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, resulting in a loss of $317,000 in a single trade (-59%). According to the analysis, the operation coincided with a pullback period in which Cocoro retreated sharply from a high of $0.085 to $0.034.

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