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Token CAKE
Token SNX

Jun 02, 16:43

Auto generation

Whale dumped SNX and CAKE

Outflow

Total tokens transferred

Token SNX

1.589M

SNX

Token CAKE

1M

CAKE

Whale 0x09d just deposited 1.59M SNX ($4.54M) and 1M CAKE ($2.61M) to Binance at $2.76 and $2.61, respectively:

 

Here is a summary of the whale's performance with SNX and CAKE:

 

1. As for SNX, the whale realized a massive estimated loss of $2.18M (-31.1%) from the token:

  • bought 1.75M SNX from MEXC and DEX at $4.0 on average (estimated cost: $7.02M) between November 15, 2023, and March 28, 2024;
  • supplied to Aave;
  • withdrew 1.59M SNX back from Aave to deposit to Binance at only $2.76 ($4.39M) on June 3, 2024;
  • currently no longer holds SNX.

 

2. As for CAKE, the whale realized a small estimated profit of $43.8K (+0.39%) from the token:

  • bought 4.29M CAKE via MEXC and PancakeSwap at $2.65 on average (estimated cost: $11.37M) between November 12, 2023, and May 16, 2024, via 2 wallets 0x09d and 0xe5e;
  • supplied to Venus;
  • sold 3.64M CAKE via PancakeSwap and Binance at $2.67 on average ($9.72M) on April 14, June 2 and 3, 2024. Among these tokens, 3.44M CAKE ($9.12M) was moved to Binance via the same deposit address in the past 8 hours, causing the price to drop sharply;
  • currently no longer holds CAKE.

 

The prices of SNX and CAKE have dropped around 5.54% and 8.08% in the past 8 hours, respectively, after the whale's deposits.

 

Fig 1. Whale 0x09d deposited 1.59M SNX ($4.54M) to Binance and caused a sharp price drop.

 

Fig 2. Whale 0x09d's overall SNX trading history.

 

Fig 3. Whale 0x09d/0xe5e deposited 3.44M CAKE ($9.12M) to Binance in the past 8 hours.

 

Fig 4. Whale 0x09d/0xe5e's overall CAKE trading history.

#cake
#snx
#deposit
#binance
#loss
#price drop