Gate News message, April 23 — Two major whale addresses have incurred significant losses trading CHIP, according to on-chain monitoring by Onchain Lens. Whale 0x5C2 opened a 3x short position on CHIP over the past 24 hours amid price increases, currently facing an unrealized loss exceeding $1.7 million.

Whale 0x0ee deposited 1.9 million USDC and made its first CHIP trade, initially profiting $323,000 on a long position. The whale subsequently opened a short position that was partially liquidated, resulting in a final realized loss of over $1.26 million.

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