A crypto whale that had been inactive for four months has recently made a deposit of $8.16 million worth of $ONDO tokens into Coinbase. The whale had accumulated these tokens over the past year at a cost of $5.11 million, resulting in a profit of $3.05 million. The whale's accumulation strategy involved multiple transactions over the course of twelve months, with the most recent one occurring 121 days ago. While the impact of this deposit is uncertain, large deposits like this often lead to selling, potentially causing a significant downward pressure on the price of $ONDO. Market observers are closely watching for the whale's potential exit.
Content Editor ( blockchainreporter.net )
- 2025-02-02
Whale Deposits $8.16 Million in $ONDO to Coinbase Following 4-Month Dormancy
