#Whale dumps ONDO, losing $3.5 million#
Hot Topic Overview
Overview
Recently, a giant ONDO whale sold 10.978 million ONDO in the past 12 hours, exchanging them for approximately 13.58 million USDC, resulting in a loss of $3.54 million over 38 days, with a loss rate of 20.7%. This whale had previously spent $17.1 million to buy these tokens. Meanwhile, another giant whale shorted ETH on HyperLiquid, previously earning over $15 million in floating profits, but now faces a floating loss of over $1 million. It is worth noting that another ETH swing trading whale has sold the last 2,783 ETH from its main account address, making a profit of $480,000, and has borrowed 100 WBTC from Aave and sold them all at $100,706.These trading behaviors of giant whales have attracted market attention and reflect the current high volatility and risk in the market.
Ace Hot Topic Analysis
Analysis
Recently, a whale named ONDO sold 10,978,000 ONDO tokens over the past 12 hours, exchanging them for about 13,580,000 USDC. This resulted in a loss of $3.54 million over 38 days, with a loss rate of 20.7%. This whale had previously invested $17.1 million in these tokens. The clearing and cash-out operation has attracted market attention. Meanwhile, another whale who shorted ETH on HyperLiquid also suffered losses. It had a profit of over $15 million four days ago, but now it is facing a loss of over $1 million. Both events reflect the high volatility of the market. Investors need to operate cautiously, avoid excessive leverage and blindly chasing ups and downs. It is worth noting that the ONDO whale's clearing and cash-out operation may be a paper currency transaction or a smart stop loss. The specific reason is still unclear.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale dumping ONDO resulted in losses, which may be due to market fluctuations or strategic errors
Whale dumping ONDO may be to stop losses, as its holding time is short and the loss rate is high
Whale dumping ONDO may be a cash-out behavior, as it has gained a large amount of profit in a short period of time
Whale dumping ONDO may be related to other market factors, such as fluctuations in other cryptocurrencies or market sentiment changes