In the cryptocurrency market, gains can be huge, but losses can also be enormous. The latest news comes from a whale who suffered significant losses in altcoins.
While Bitcoin (BTC) broke record after record in 2025, altcoins generally had a bad year. In this context, altcoin investors also suffered significant losses.
According to Lookonchain's report, a massive whale's multi-million dollar investment virtually vanished.
Accordingly, a massive whale who invested $23 million in 6 altcoins eventually gave up and sold everything for just $2.58 million.
This resulted in a loss of $20.43 million (-88.77%).
Accordingly, investments were made in the following altcoins: FAI ($10.6 million), AIXBT ($9.3 million), BOTTO ($1.1 million), POLY ($850,000), NFTXBT ($600,000), and MAICRO ($425,000).
Individuals or organizations that invested a total of $23 million in these 6 altcoins during the summer months have given up during the recent declines.
The giant whale, who sold all of his altcoin holdings, suffered a loss of $20.4 million. After the sales, the whale was left with only $2.5 million.
*This is not investment advice.