Whale deposited all OP to Binance at loss

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Jun 02, 21:10

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Whale deposited all OP to Binance at loss

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Related addresses

0x8b947f974618af6b3e63b7a942ef02d505ad8564

Total tokens transferred

2.095M

5.005M

USDT

Related transactions

0x8b947f974618af6b3e63b7a942ef02d505ad8564

Binance deposit

Jun 02, 21:05

Whale 0x8b9 just sold all 2.095M OP for 5.005M USDT via Binance at $2.39:

transaction: 0xbfa7bbfb605dd5ff18083a855fd52a446ff1763f6d6100d31e422417d9cc3dce

address: 0x8b947f974618af6b3e63b7a942ef02d505ad8564

Notably, the whale bought those OP tokens with 2,000 ETH (estimated cost: $5.99M) at $2.86 on May 3, 2024; hence, the estimated loss is $990K (-16.5%) after a month.

The OP price dropped 4.2% after the whale's sale.

Fig 1. Whale 0x8b9 sold all 2.095M OP for 5.005M USDT via Binance at $2.39 recently.

Fig 2. The 24-hour OP price chart.

#op

#optimisim

#deposit

#binance

#loss

Related signals

2024 May 02 - 20:55

Smart whale bought OP for the first time

Whale 0x8b9 just spent 2,000 ETH ($5.99M) to buy 2.095M OP at $2.86 via Binance for the first time. Notably, the whale was a smart LINK trader, having realized $5.59M (+47.9%) from 2 LINK trades with a 100% win rate!

2024 Feb 14 - 02:35

Fresh wallet further withdrew OP from Binance

Fresh wallet 0x0fd further withdrew 322,440 OP ($1.20M) from Binance. Notably, the wallet has withdrawn 7.30M OP from Binance since September 12, 2023, and still holds all the tokens, which are now worth $27.09M. The wallet's floating gain from OP is $9.09M (+50.4%).

2024 Jan 04 - 17:50

Whale got FOMO and accumulated OP around peak

Whale 0xe84 withdrew 1.096M OP ($4.07M) from Binance. Since July 8, 2023, the whale has traded OP 6 times: 4 wins and 2 big losses, resulting in a cumulative realized loss of $193K. Now, the whale appears to be FOMO with the Cancun Upgrade imminent in the first quarter of 2024.