A whale that has lost $2.25 million on MUBI sold 10.27 million MUBI in the past 24 hours

According to Spot On Chain monitoring, in the past 24 hours, whale 0xf8a sold 10.27 million MUBI at an average price of $0.09369 per coin ($963,000), causing a 24% price drop. It is worth noting that the whale bought 14.52 million MUBI at an average price of $0.292 per coin in December 2023 and sold 11.52 million MUBI at an average price of $0.09681 per coin, resulting in a loss of $2.25 million (-66.8%). It still holds 3 million MUBI (worth $28.5 thousand) now.