Solana Investor Shifts from ASTEROID to SCAN, Faces Losses

An analyst @ai_9684xtpa posted on X that a prominent Solana investor recently liquidated their ASTEROID holdings to invest in SCAN, resulting in significant financial losses. The investor, identified by the address JBhVo…MBYiv, held a peak of 52.8 million ASTEROID tokens and sold them five hours ago at an average price of $0.00306, securing a profit of $83,700, with an average cost of $0.00148. Subsequently, the investor reinvested $135,000 into SCAN, with an average cost of $0.00856. However, this investment coincided with Elon Musk's removal of a pinned tweet, leading to a sharp decline in SCAN's value. Within half an hour of the final purchase, SCAN's price plummeted, forcing the investor to exit the market with a loss of $86,800, effectively nullifying previous gains.