On August 5th, iCrypto witnessed a significant sell volume of $1.66 million for the RWA token, $ONDO. Notably, $1.59 million of this came from the wallet 0x3737, known as “ThisWillMakeYouLoveAgain.”
This trader initially bought $ONDO in the ~$0.25 range and sold a portion as the price doubled. However, he reinvested at the peak, buying in the $1.4-$1.2 range, and has now liquidated his entire position.
$ONDO – What Smart Trader made the HUGE Selling volume like this? đ
On August 5th, iCrypto recorded a very large $1.66M sell volume for this #RWA token, with $1.59M âźď¸ of that coming from the wallet 0x3737 aka "ThisWillMakeYouLoveAgain" (https://t.co/tBvrr4yyQx) pic.twitter.com/BH5AQW4bnU
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 6, 2024
Despite this volatile trading, his wallet currently shows a profit of $1.84 million, yielding a 134.73% ROI with $ONDO. However, his ventures were not all successful. He took a hit with $IQ, cutting losses on that token, and now holds $DAI and $PEPE.
About 9.256 Million $ONDO Moved By This Singular Whale
On-chain reports from OnchainDataNerd revealed that within 24 hours, four wallets belonging to a single whale deposited a total of 9.256 million $ONDO (approximately $5.43 million) to Bybit. Five months ago, this whale accumulated these tokens at an average entry price of $0.9161. If sold at current prices, the loss would be around $3.05 million.
Within 24 hours, 4 wallets (belong to 1 whale) deposited totally 9.256M $ONDO (~$5.43M) to #Bybit
5 months ago, he accumulated those tokens at avg entry $0.9161 and if sold all at current price, his loss will be ~$3.05M.
Address:https://t.co/lCn0oazgbh pic.twitter.com/zPvKDDkXmz
— The Data Nerd (@OnchainDataNerd) August 6, 2024
Interestingly, the price of $ONDO has surged by 31% today, adding another twist to this rollercoaster ride. This unexpected spike provides a glimmer of hope for traders who have been navigating these tumultuous waters. The market remains unpredictable, but for now, $ONDO holders can breathe a slight sigh of relief amid the ongoing volatility.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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