Whale 0xb11 (likely an investor) just further dumped 800K RBN for 622,556 USDC at $0.778 on average via middle wallet 0x0aa:

• transaction 1: 0x3e6478c27912f87b457cb87e422e2c3aad18f31358a1ed230952f9cf51a711a6
• transaction 2: 0x8d5bcc903ac361058ab5ac058df8df90851caa4ea24ab8a774ee4abed8f90ec7
• main address: 0xb11274a37f0db2dc564f84a58950f6806fa3c592
• middle address: 0x0aa989625dedaee97b1996edd964bbb1bf52184d

So far, the whale has sold a total of 1.78M RBN for 1.385M USDC at $0.778 on average across 2 selling waves in the past 17 hours, each resulting in a steep price drop.

Overall, the whale:

• bought 4.952M RBN with 923,448 USDC at $0.186 on average from June 10 to August 30, 2023;
• received 3.448M RBN (then $$1.23M) from Ribbon Finance: Vesting Escrow on December 4, 2023, when the price was $0.357;
• sold 1.78M RBN for 1.385M USDC at $0.778 on average during the bull market recently;
• is currently gaining an estimated total profit of $2.98M from RBN (excluding the vesting amount);
• now still holds 6.62M RBN ($5.25M), of which 620K RBN ($491K) is kept under the middle wallet and may be sold soon.

The RBN price dropped 3.77% in the past hour.

Fig 1. Whale 0xb11 (likely an investor) dumped 1.78M RBN ($1.385M) in the past 17 hours, resulting in steep price drops.

Fig 2. Whale 0xb11 (likely an investor)'s overall RBN trading history (excluding the vesting amount).