Whale deposited all 2.69M SNX ($6.06M) to Binance at a big loss

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Whale deposited all 2.69M SNX ($6.06M) to Binance at a big loss

Outflow

Related addresses

0x59a661f1c909ca13ba3e9114bfdd81e5a420705d

0x9cd28ba3ed8d4f05d738a8db1932b3727ad7b622

Total tokens transferred

2.693M

SNX

Related transactions

0x59a661f1c909ca13ba3e9114bfdd81e5a420705d

Binance deposit

Dec 20, 22:58

Whale 0x59a with a $72.4M portfolio just deposited all 2.693M SNX ($6.06M) to Binance:

transaction: 0x4fb75a82f7f30ab444300f2970167841a667f6032d748c5bd1dc2ea4dc3c5eaf
address: 0x59a661f1c909ca13ba3e9114bfdd81e5a420705d
other address: 0x9cd28ba3ed8d4f05d738a8db1932b3727ad7b622

Notably, this marked the end of the whale's first SNX trade with an estimated loss of $1.18M (-16.3%) after 1.42 years:

withdrew 2.505M SNX from Binance at an average price of $2.892 (estimated cost: $7.245M) via 2 wallet addresses on July 22 and 26, 2023;
staked all SNX tokens with Synthetix to earn staking rewards;
deposited all 2.693M SNX back to Binance at only $2.251 ($6.06M) on December 21, 2024.

Fig 1. The overall SNX trading history of Whale 0x59a.

#synthetix

#deposit

#binance

#snx

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#related

#price drop

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Whale 0x59a deposited all 2.69M SNX ($6.06M) to Binance at a big loss

Last synced: Dec 21, 02:50

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