#Whale dumps ONDO, losing over $3.5 million#
Hot Topic Overview
Overview
Recently, a giant ONDO whale sold 10.978 million ONDO tokens in the past 12 hours, exchanging them for approximately 13.58 million USDC, resulting in a loss of $3.54 million over 38 days, representing a loss rate of 20.7%. Previously, this whale had spent $17.1 million to buy these tokens. At the same time, another ETH swing trader, after 25 rounds of swing trading, ultimately closed its position with a profit of $905,000. However, during the trading process, it also experienced a floating loss of $1.475 million. Additionally, there were whales shorting ETH on HyperLiquid. They had a floating profit of over $15 million four days ago, but are currently experiencing a floating loss of $1 million. These trading behaviors of whales have attracted market attention, reflecting the current high market volatility and risks.
Ace Hot Topic Analysis
Analysis
Recently, a whale named ONDO dumped 1,097.8 million ODNO at a price of 13.58 million USDC in the past 12 hours, losing 3.54 million (-20.7%) in just 38 days. The whale had previously spent $17.1 million to buy these tokens and ultimately chose to cash out. Meanwhile, another ETH swing trader whale, after 25 rounds of swing trading, finally closed out with a profit of $905,000. The whale initially incurred a floating loss of $1.475 million, eventually profiting by selling the remaining 2,783 ETH. However, another whale who shorted ETH on HyperLiquid suffered a huge loss. Four days ago, the whale had a floating profit of over $15 million, but is currently floating at a loss of $1 million. These whale trading activities have attracted market attention. Some analysts believe this may be paper trading or smart stop losses, or it may reflect divergent views on the future trend of ONDO and ETH.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale selling ONDO resulting in losses may be due to market fluctuations, leading to investment strategy errors, ultimately choosing to liquidate and stop losses.
Whale selling ONDO may be to cash out, as it lost 20.7% in 38 days, and choosing to liquidate and stop losses is a reasonable strategy.
Whale selling ONDO may be due to their negative outlook on ONDO's future development, choosing to sell at a high price to reduce losses.
Whale selling ONDO may be due to their need for capital turnover, choosing to sell ONDO to raise cash to meet their capital needs.