• 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

Polkadot Shows Signs of Potential Market Reversal

chest

Polkadot is showing early signs of a market reversal after a significant retest of support, with analysts considering the possibility of it entering the Wyckoff Spring phase.

user avatarMaria Gutierrez

MOBU Crypto Promises High Returns with Innovative Tokenomics

chest

MOBU combines community-driven energy with advanced tokenomics, offering staking, reflections, and liquidity locks.

user avatarDavid Robinson

China's Strategy to Curb Stablecoins and Promote Digital Yuan

chest

China's strategy focuses on opposing stablecoins, especially those pegged to the USD, to promote the digital yuan and maintain monetary stability.

user avatarAndrew Smith

Bank of Japan to Raise Interest Rates, Impacting Global Markets

chest

The Bank of Japan is set to raise its policy interest rate to 0.75%, the highest since 1995, driven by inflation and wage trends, potentially impacting global markets.

user avatarJacob Williams

Central Banks Consider Bitcoin as a Reserve Asset

chest

A small number of central banks, including the Czech National Bank, are exploring the idea of allocating Bitcoin as a complementary reserve asset.

user avatarZainab Kamara

Hyperliquid Moves 411M HYPE, Signaling Institutional Interest

chest

Hyperliquid has transferred 411 million in HYPE tokens shortly after a major token unlock, indicating strong institutional confidence.

user avatarSon Min-ho

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.