2024-7-11 05:23

In a significant development an hour ago, two whale addresses, possibly controlled by the same individual, deposited substantial amounts of $MKR and $LDO onto FalconX.

The activity has drawn considerable attention in the crypto community.

Wallet 0x3a2c (icrypto.ai/wallet/0x3a2C4…) deposited 2.4 million $LDO, valued at $3.78 million, while retaining a balance of 7.8 million $LDO, approximately $12.4 million.

On the other hand, Wallet 0xb8b9 (icrypto.ai/wallet/0xb8B9B…) transferred 3.6K $MKR, worth $8.07 million, leaving 2.7K $MKR, about $6.27 million, in their possession.

1hr ago, 2 Whale addresses (Maybe belong to the same person) deposited large amounts of $MKR and $LDO onto #FalconX

Specifically:
– Wallet 0x3a2c (https://t.co/WSbbzt0sPm) deposited 2.4M $LDO ($3.78M), remaining 7.8M LDO ~ $12.4M
– Wallet 0xb8b9 (https://t.co/BG4EPKnJdf)… pic.twitter.com/pcS9df5qtW

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 9, 2024

The financial status of these wallets reveals intriguing insights. The whale associated with $MKR has an estimated total profit of $41.1 million, reflecting a 105% gain, with 2,796 $MKR ($6.27 million) still held.

Despite Taking More Losses, Still Holds 7.83 Million $LDO

Conversely, the whale dealing in $LDO has faced a total loss of $7.97 million, marking a 33.1% decrease, yet retains 7.83 million $LDO, valued at $12.4 million.

45 minutes ago, two wallets (likely one whale) deposited 3,600 $MKR ($8.07M) and 2.4M $LDO ($3.79M) to #FalconX.

Notably, they share the same FalconX deposit address and thus likely belong to the same whale.

Currently, these wallets have:
• An est. total profit of $41.1M… pic.twitter.com/2ztfDrNF9H

— Spot On Chain (@spotonchain) July 9, 2024

Following these significant deposits onto FalconX, both wallets transferred their remaining $MKR and $LDO to new storage addresses. This movement suggests strategic positioning, possibly to secure their assets or prepare for future trading activities.

Such substantial transactions indicate ongoing strategic maneuvers by large investors, impacting the broader market. The movement of these assets onto FalconX, followed by their transfer to new storage wallets, hints at potential market plays or a reorganization of holdings by the whales.

These actions underscore the dynamic nature of the cryptocurrency market, where large holders can significantly influence asset flows and market sentiment. The community will be closely watching these wallets for further activity, anticipating how these strategic moves will unfold in the coming days.

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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Image Source: alfazetchronicles/123RF // Image Effects by Colorcinch

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