• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Whale's $3.54M Loss on $ONDO Sale: Panic or Strategy?

user avatar

by Giorgi Kostiuk

a year ago


In a major transaction, a whale sold 10.978 million $ONDO, incurring a $3.54 million loss, raising questions about strategic market handling during volatility.

The $ONDO Transaction Story

The whale initially acquired 10.978 million $ONDO using 4,611 ETH, with the average price at $1.553 per token. The decision to sell all tokens today at an average price of $1.237 led to substantial financial losses.

Market Reaction and Community

The sale increased pressure on $ONDO, lowering its price and sparking debate among crypto enthusiasts. Some view the move as panic selling, while others perceive it as prudent risk management.

Lessons and Risks in Crypto Market

The situation underscores the high volatility of the crypto market, highlighting the need for careful planning and risk management. The whale's losses serve as a reminder of the unpredictability of crypto investments.

The whale's decision to sell $ONDO tokens resulting in a $3.54 million loss highlights the swift nature of potential losses. This acts as a cautionary tale for traders and investors, emphasizing the importance of a strategic approach and comprehensive analysis.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mobile Tram Advertising in Milan by TokenFi

chest

TokenFi deployed two fully wrapped trams in Milan to promote its brand during the Olympic Games.

user avatarArif Mukhtar

Russian Stablecoin A7A5 Surpasses $100 Billion in Transactions

chest

The ruble-pegged stablecoin A7A5 has completed over $100 billion in payments within a year, raising concerns about the enforcement of Russian stablecoin sanctions.

user avatarNguyen Van Long

Regulatory Actions Impacting A7A5 Access on Crypto Platforms

chest

In response to increased regulatory risks, several crypto platforms have restricted access to the A7A5 stablecoin, reflecting compliance concerns tied to Russian sanctions.

user avatarKofi Adjeman

Smaller DEX Platforms Show Steady Growth Amidst Competition

chest

Smaller platforms like tradeXYZ and Variational are steadily growing, attracting traders with unique strategies.

user avatarSatoshi Nakamura

River Forms Strategic Alliance with Sui Network to Boost Liquidity

chest

River has formed a strategic alliance with Sui Network to create a new liquidity layer connecting assets across ecosystems.

user avatarLucas Weissmann

InterLink Introduces Visa Card for Spending Digital Assets.

chest

InterLink has launched the InterLink Visa Card, a prepaid debit card for spending digital assets at merchants worldwide.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.