A certain whale switched SPX positions to DOGE, resulting in a loss of 1.33 million US dollars

According to Lookonchain monitoring, a whale has swapped all SPX positions for DOGE in the past two days. He sold all 10.6 million SPX at a price of $6.2 million, making a profit of about $920,000, and then he spent $6.2 million to buy 13.95 million DOGE (currently worth $4.88 million), resulting in a loss of $1.33 million.