According to BlockBeats, on July 9th, Spot On Chain reported that two addresses, possibly a single whale, transferred 3,600 MKR, worth $8.07 million, and 2.4 million LDO, valued at $3.79 million, to FalconX 45 minutes prior.
Currently, these wallets hold:
• An estimated total profit of $41.1 million (+105%) from MKR, with 2,796 MKR ($6.27 million) remaining.
• An estimated total loss of $7.97 million (-33.1%) from LDO, with 7.83 million LDO ($12.4 million) remaining.
The movement of such large amounts of MKR and LDO tokens to FalconX indicates significant activity by a potential whale in the cryptocurrency market. The remaining balances in the wallets also suggest that the whale still holds substantial amounts of both tokens. The estimated profit from MKR and the loss from LDO provide insight into the whale's investment strategy and the performance of these two tokens.