Whale deposited MATIC to Coinbase at loss

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May 06, 02:32

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Whale deposited MATIC to Coinbase at loss

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Related addresses

0xc4b1c5bf64502448d6bfdbf8cafd3a90d96a6a4e

Total tokens transferred

3.647M

MATIC

Related transactions

0xc4b1c5bf64502448d6bfdbf8cafd3a90d96a6a4e

Coinbase deposit

May 06, 02:28

Whale 0xc4b just deposited all 3.65M MATIC ($2.68M) to Coinbase at $0.735:

transaction: 0x8b59304bd5938c02361403e08127be9d86235cb9da1d9cbc45467b72ab0309ce
address: 0xc4b1c5bf64502448d6bfdbf8cafd3a90d96a6a4e

Notably, the whale withdrew those MATIC tokens from Coinbase at $0.89 on average (estimated cost: $3.25M) from April 1 to 14, 2024. If truly selling now, the whale would realize an estimated loss of $569K (-17.5%) after over a month.

Currently, the whale no longer holds MATIC. Besides MATIC, the whale has yet to trade other tokens.

Fig 1. Whale 0xc4b's overall MATIC trading history.

#matic

#deposit

#coinbase

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Whale 0xc4b deposited MATIC to Coinbase at loss

Last synced: May 06, 02:37

Related signals

2024 May 08 - 07:34

Whale sent MATIC to Coinbase at loss

Whale 0x23f just deposited 3.64M MATIC ($2.45M) to Coinbase, allegedly realizing an estimated loss of $788K (-24.3%) after a month. In the past 4 days, 3 whales that accumulated their MATICs within the first half of April have deposited all 11.73M ($8.4M) MATIC back to Coinbase at loss.

2024 May 04 - 15:12

Whale deposited all MATIC to Coinbase Prime

Whale 0x9d6 just deposited all 4.45M MATIC ($3.26M) to Coinbase Prime at $0.733, allegedly realizing an estimated loss of $529K (-14%) after a month of holding. Besides MATIC, the whale has yet to trade other tokens.

2024 Apr 25 - 03:22

Whale further withdrew MATIC from Coinbase

Whale 0x096 just further withdrew 3.75M MATIC ($2.66M) from Coinbase at $0.708, bringing the total MATIC holding for the second trade to 4.0M MATIC ($2.86M) with a small unrealized profit of $22.6K (+0.8%). However, the whale once lost $1.05M (-32.7%) in the first MATIC trade.