Crypto Express

06/18 00:33

Ondo whale dumps 2.69 million tokens

Whales have returned to the market, as evidenced by the Spot Average Order Size.

It has remained dominated by big orders over the last month, implying significant whale activity despite concerns over ONDO’s prospects.

According to X (formerly Twitter) account Onchain Lens, an ONDO whale, who had held 2.69 million tokens for 2.5 months, returned to the market and sold its holdings for $2.13 million on the 17th of June. 

With this transaction, the whale has managed to record $123k in profit. The sale could also indicate a strategic exit as prices dipped, to ensure the holdings do turn into losses. 

This whale movement also suggests bearish sentiment, as the holders could be anticipating more losses, moving forward

Notably, the Large Holder Netflow has held within negative territory over the past two days, showing increased sell pressure. Whales have sold 4.85 million tokens in this time. 

#Post To Earn Bonus#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge

35Paylaş