UPDATE:
The wallet has just dumped its last remaining 37 Moonbirds into bids for a total loss of $150,000 USD, roundripping almost all the profits it made from trading Pudgy Penguins before the $PENGU airdrop.
Donât overtrade
This wallet dumped 18 Pudgy Penguins into bids one day before the launch of $PENGU.
It then swept 58 Moonbirds at an average price of 1.1 ETH.
The wallet is now down -29 ETH ($97,000 USD) on the Moonbirds trade.
If he had only held the Pudgy Penguins until now, together with the airdrop he would be up more than $700,000 USD.
Sometimes the best strategy is to let your winners run instead of chasing the next play
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