A trader's Pippin position has changed from a floating loss of $1 million to a floating profit of $2.5 million

According to Lookonchain monitoring, a "diamond trader" turned losses into profits, from a loss of $1 million (-90%) to a profit of $2.5 million. Two months ago, this trader spent 5441 SOLs ($1.15 million) to buy 20.46 million Pippins, only to see it drop by 90%. But he didn't sell it. Now, with Pippin surpassing a market value of $180 million, his 20.46 million Pippins are worth $3.68 million, with unrealized profits exceeding $2.5 million.