A wallet that received fresh funds from a major exchange right before token launch tells an interesting story. The address scooped up $NYC just 10 minutes ahead of the official announcement, catching what looked like a golden opportunity. On paper, it was brilliant—the position swung to $250k in unrealised gains. But here's where it gets tricky. Holding through the volatility proved costly. Instead of locking profits, the wallet eventually panic-sold into a -$477k loss. Classic tale of paper gains evaporating when conviction meets market pressure.