Dormant whale returned to sell 1INCH at massive loss

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English

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Jan 23, 2024

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Dormant whale returned to sell 1INCH at massive loss

Outflow

Related addresses

0x80845058350b8c3df5c3015d8a717d64b3bf9267

Total tokens transferred

172.907

ETH

1.12M

1INCH

Related transactions

0x80845058350b8c3df5c3015d8a717d64b3bf9267

DEX

Jan 23, 18:30

0x80845058350b8c3df5c3015d8a717d64b3bf9267

DEX

Jan 23, 18:31

Dormant whale 0x808 just swapped the remaining 1.12M 1INCH ($382K) to 172.907 ETH at an average price of $0.341 after over 2 years of dormancy:

transaction 1: 0x4d78aab58101fea87fede3ecf73f4ae67c8bbf34e72a924854723d896b7c5879
transaction 2: 0x2ed20dcd5c9f9bb3d6fe99310604c8bd7b2d315c1124d34e6357194e6cdd5598
address: 0x80845058350b8c3df5c3015d8a717d64b3bf9267

Notably, the whale:

withdrew those 1.121M 1INCH tokens from Binance at $5.775 on average (then $6.47M) from May 5 to 7, 2021;
sold all the tokens at an average price of only $0.341 now and ended up with an estimated total loss of $6.09M (-65.8%) from 1INCH after nearly 3 years of holding.

Additionally, in 2021, the whale made a quick trade of 1.12M 1INCH but broke even.

Currently, the whale no longer holds any 1INCH.

Fig 1. Dormant whale 0x808's overall 1INCH trading history.

#1inch

#dormant

#sell

#loss

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Dormant whale returned to sell 1INCH at massive loss

Last synced: Jan 24, 03:56

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