Whale Deposits 1.068M $SNX into Binance and Incurs a Loss

A whale has recently deposited 1.068 million SNX (worth $2.1 million) into Binance, incurring a loss of $216,000.

Address: 0x921e374c304e681ff4b87b9e239cB6C03147C3E1

Deposit Time: 4 hours ago

Transaction History:

Previous Withdrawals:

The whale withdrew 1.068 million SNX (worth $2.316 million) from Binance at a price of $2.17 on January 30, July 12, and August 24, 2023.

Unrealized Profit:

In May 2024, the whale had an unrealized profit of $3.12 million but chose not to sell at that time.

Summary:

Current Deposit: 1.068 million SNX ($2.1 million)

Current Loss: $216,000

Withdrawal Value: $2.316 million (at $2.17 per SNX)

Unrealized Profit (May 2024): $3.12 million

This whale's decision to deposit SNX into Binance at this time highlights the volatility and risks associated with holding and trading large amounts of cryptocurrency.