#Whale dumps ONDO, losing $3.5 million#
Hot Topic Overview
Overview
Recently, an ONDO whale dumped 10,978,000 ONDO for approximately 13,580,000 USDC in the past 12 hours, clearing its position after holding for 38 days. The whale incurred a loss of about $3.54 million, representing a loss rate of 20.7%. Previously, the wallet had spent $17.1 million to acquire these tokens. Meanwhile, another ETH swing trader whale sold the last 2,783 ETH from its main wallet address, generating a profit of $480,000. Another address still holds 1,013 ETH ($3.41 million), marking the end of the 25th round of swing trading. The trader initially incurred a loss of $1.475 million, eventually ending with a profit of $905,000. In addition, another whale shorting ETH on HyperLiquid, who had previously recorded a profit of $15 million four days ago, is currently experiencing a loss of $1 million. The trading behavior of these whales reflects market volatility and risks, raising market attention towards the future trajectory of ONDO and ETH.
Ace Hot Topic Analysis
Analysis
Recently, a whale known as ONDO sold 10,978,000 ONDO tokens in the past 12 hours, exchanging them for approximately 13,580,000 USDC, resulting in a loss of around $3.54 million, a loss rate of 20.7%. The address chose to liquidate its holdings after 38 days, having previously purchased these tokens for $17.1 million. This has raised concerns about ONDO in the market, with some analysts suggesting it could be a wash trade or a smart stop-loss, while others believe it may signal a further decline in ONDO's price. Meanwhile, another ETH swing trader whale has profited $905,000 from 25 swing trades. The whale initially incurred a floating loss of $1,475,000 before ultimately ending with a profit of $905,000. In addition, another whale has shorted ETH on HyperLiquid, previously securing over $15 million in floating profits, but is currently facing over $1 million in floating losses. These whale trading activities reflect the complex sentiment towards cryptocurrencies in the market and serve as a reminder for investors to be cautious and implement risk management strategies when investing.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The whale sold ONDO possibly because of the poor market conditions, leading to investment losses.
The whale sold ONDO possibly because they are not optimistic about the future development prospects of ONDO.
The whale sold ONDO possibly to stop losses and avoid greater losses.
The whale sold ONDO possibly to cash out and invest in other projects.