• 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

Coinbase to Launch New Perpetual Futures for Multiple Assets

chest

Coinbase is set to launch new perpetual futures for popular assets including Dogecoin and Cardano on December 12, enhancing trading options amid declining spot trading volumes.

user avatarLuis Flores

Crypto Market Faces Decline as Bitcoin Drops Below 90,000

chest

Crypto markets faced a fresh wave of anxiety as Bitcoin slipped below 90,000, leading to a decline in the overall market cap and impacting meme coins significantly.

user avatarArif Mukhtar

Lolli Partners with Spark to Enhance Bitcoin Rewards Experience

chest

Lolli partners with Spark to enhance the Bitcoin rewards experience by supporting Lightning Network withdrawals, simplifying the earning and withdrawal process for users.

user avatarAndrew Smith

Gemini Completes IPO, Raising $425 Million

chest

Gemini has successfully completed its Initial Public Offering (IPO), raising approximately $425 million.

user avatarMaria Gutierrez

Deffio Launches Unified Wallet Experience for Crypto Users

chest

Deffio has launched a new noncustodial wallet that simplifies moving money between fiat and digital assets, featuring a user-friendly interface and an onramp widget for easy crypto purchases.

user avatarDavid Robinson

ETF Approval and Market Dynamics Impact XRP's Long-Term Outlook

chest

The approval of the FalconX21Shares XRP ETF coincided with market turbulence, affecting XRP's price response.

user avatarZainab Kamara

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.