A professional cryptocurrency trader, known for his successful track record, suffered a six-figure loss. Despite being well-known for his patience and long-term holding strategies, he faced a significant loss. The trader, identified with the wallet address DBzhE, earned the nickname ‘Diamond Hands.’ About six months ago, he bought approximately 19.14 million LUCE tokens at an average price of $0.0275 and held them since. At its peak, his unrealized gains reached $5.2 million. However, LUCE’s price dropped over 75% in the past 24 hours, causing the investor to face a loss of around $335,000. Like many cryptocurrencies in the current market conditions, LUCE also fell victim to negative investor sentiments influenced by the Trump trade war. LUCE, a meme coin that had grown based on market excitement, experienced a severe price correction due to changing investor sentiments. Some experts believe that this token had low liquidity and high trading volume, leading to an abundance of sellers and few buyers, resulting in the price crash. Another significant factor in today’s LUCE crash was its removal from major crypto exchanges. This event increased selling pressure, shattering traders’ hopes. Currently, LUCE is priced at $0.008902, with a market cap of $8.9 million. The token is now about 97.29% lower than its historical high of $0.3273, registered five months ago.
