#Whale dumps $3.54 million in ONDO losses.#
Hot Topic Overview
Overview
Recently, a massive whale dumping event occurred in ONDO, attracting market attention. According to Spot On Chain monitoring, a giant ONDO wallet has dumped all 10,978,000 ONDO tokens in the past 12 hours, exchanging them for about 13,580,000 USDC. The address chose to clear its holdings after 38 days, resulting in a loss of approximately $3.54 million, a loss rate of 20.7%. This whale had previously spent $17.1 million to buy these tokens. At the same time, another whale shorting ETH has also switched from profit to loss. Four days ago, this whale was floating above $15 million, but now it is floating below $1 million. These whale dumping activities have raised concerns about the future trend of ONDO and ETH, reflecting the current high volatility and risk in the market.
Ace Hot Topic Analysis
Analysis
Recently, a whale known as ONDO dumped 10,978,000 ONDO tokens in the past 12 hours, exchanging them for approximately 13,580,000 USDC, resulting in a loss of $3.54 million over 38 days, representing a 20.7% loss rate. The whale had previously spent $17.1 million to purchase these tokens. Meanwhile, another ETH scalping whale, after 25 rounds of scalping operations, ultimately closed out with a profit of $905,000, having previously experienced a floating loss of $1,475,000. Additionally, a whale shorting ETH on HyperLiquid, who had previously experienced a floating profit exceeding $15 million four days ago, is now experiencing a floating loss exceeding $1 million. These whales' trading activities have attracted market attention, with some analysts suggesting it might be fiat trading or smart stop losses, while others believe it might be a result of shifting market sentiment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale dumping ONDO with losses may be due to investment failures caused by market fluctuations.
Whale dumping ONDO may be to stop losses and avoid greater losses.
Whale dumping ONDO may be to cash out and invest funds in other projects.
Whale dumping ONDO may be due to loss of confidence in the future of the ONDO project.