In a flurry of significant moves in the world of whales, major cryptocurrency holders have been involved in substantial transactions with ONDO and JASMY tokens, coinciding with recent listings on top exchanges. Notable activity has been spotted on platforms like Bybit and Coinbase, suggesting potential profit-taking and strategic asset adjustments.
After the introduction of ONDO on Upbit, two whales made a combined deposit of 2.95 million ONDO tokens, valued at around $3.86 million, into Bybit. Analysts see this as a calculated move to take advantage of the positive market response to the listing.
The first whale, identified as 0x440, unloaded 1.95 million ONDO tokens worth approximately $2.55 million, resulting in an estimated profit of $1.94 million, a 42% increase. The second whale, known as 0xa87, transferred 1 million ONDO tokens valued at $1.31 million, with profits totaling $808,000, reflecting a 45% gain. This whale still holds 1 million ONDO tokens, maintaining a significant position in the asset.
A significant withdrawal on Coinbase sheds light on whale strategy. A transaction, potentially linked to a major account like eToro, involved the withdrawal of 1.5 million ONDO tokens and 120 million JASMY tokens from Coinbase, valued at approximately $1.93 million and $4.31 million respectively. The entity currently holds around 3.8 million ONDO tokens, equivalent to about $5 million.
Further examination of the whale’s crypto portfolio reveals Ethereum (ETH) as the largest asset, valued at around $42 million, followed by Fetch.ai (FET) and Shiba Inu (SHIB) at approximately $35.83 million and $21.68 million respectively.