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An address bought 60.03 million MIRA in two days and is currently losing $1.38 million

According to Onchain Lens, in the past two days, a giant whale address paid $1.87 million for 60.03 million MIRAs, with an average purchase price of $0.031. Currently, these MIRAs are worth about $486,000, and the address faces a loss of about $1.38 million. The address mainly buys these MIRAs by selling PNUT.