💥💥Whales' Movements Shake the Market: Here are the Latest Developments! 💥💥
Recently, the movements of whales have attracted attention in the cryptocurrency markets. It is observed that whales both make large investments and sell their assets. Here are the latest developments regarding UNI, ONDO and PEPE coins and the reasons for these movements:
On July 6, a whale deposited 561,782 UNI to Binance, worth approximately $4.38 million. This investor, who still holds 2 million UNI, sold 1.31 million UNI for the first time on Binance at an average price of $6.22, making approximately $8.16 million. This shows that the whale is selling to make a profit. Investors may be uncertain about how to interpret this development and how the UNI price may be affected by the sale.
On July 5, the whale deposited $3.86 million worth of PEPE tokens to Binance. These tokens, purchased two weeks ago for $5.07 million, represent a potential loss for the whale compared to its current market value. This shows that whales' investment decisions are not always correct and market volatility poses significant risks.
The account with address 0xBef7…a5560 transferred 3 million ONDO tokens to the Bybit exchange 2 months later to the ONDO position it opened 3 months ago. The value of this investment is calculated as approximately 2.95 million dollars. The investor still holds 13.44 million ONDO worth approximately $13.19 million. While it is unclear why the investor moved their assets to another exchange, it is thought to take into account factors such as transaction fees and liquidity across different exchanges.
Movements caused by whales in the market can often cause volatility. It is important for investors to be careful, do their own research and evaluate market conditions carefully.