In accordance with cryptocurrency onchain information, a serious crypto whale seems to have admitted defeat and given up after holding onto an altcoin for an prolonged time frame.
In accordance with the info, the whale in query bought all of his remaining ONDO tokens for $1.72 million a couple of hours in the past. The sale value was $0.76 on common.
Remarkably, this whale had beforehand bought 2.28 million ONDO tokens for a median value of $1.39 by paying 843.9 ETH. With the gross sales it has made up to now, the whale has no extra of this altcoin. With the gross sales it made in the present day and on October 4th, which had been made at a median value of $0.76, this huge whale misplaced $1.48 million in a interval of three.5 months. In different phrases, the whale’s complete loss was 46%.
On the time of writing, the ONDO value continues to hover round $0.76, the extent at which the whale is promoting. There was a 2.55% improve within the final week, whereas the altcoin’s value has gained 11% within the final month.
ONDO, a real-world belongings (RWA)-themed altcoin within the Ethereum ecosystem, has benefited from the hype skilled by RWA-themed altcoins and has surged by 355% previously yr.
*This isn’t funding recommendation.
