A crypto whale has sold off their ONDO tokens, suffering significant financial losses in recent months.
ONDO Token Sale
According to the data, the crypto whale sold their remaining ONDO tokens for $1.72 million at an average price of $0.76. Previously, the whale purchased 2.28 million tokens at an average price of $1.39, spending 843.9 ETH.
Crypto Whale's Financial Losses
With the sales made, the whale has no remaining altcoins. The total loss amounted to $1.48 million or 46% over 3.5 months.
Current ONDO Market Situation
As of writing, the ONDO price remains around $0.76. There has been a 2.55% increase over the last week, and the price has risen by 11% in the last month. ONDO, an altcoin in the Ethereum ecosystem, has surged by 355% over the past year amid hype surrounding real-world assets (RWA) themed altcoins.
The sale of ONDO tokens by the crypto whale highlights the complexities and risks involved in cryptocurrency investments, despite their significant growth.