Whale 0x09d just deposited 1.59M SNX ($4.54M) and 1M CAKE ($2.61M) to Binance at $2.76 and $2.61, respectively:

• transaction 1: 0xe9d68fdfd90af6d832de677c4a8041559f48be522518aa7c1fe3d0e651ab3c8b
• transaction 2: 0x93cbb1b10cbb1a1de8f0aa580a9c39559f6e5d96eea770b4a6ba6c61160241c4
• address: 0x09d86d566092bec46d449e72087ee788937599d2

Here is a summary of the whale's performance with SNX and CAKE:

1. As for SNX, the whale realized a massive estimated loss of $2.18M (-31.1%) from the token:

• bought 1.75M SNX from MEXC and DEX at $4.0 on average (estimated cost: $7.02M) between November 15, 2023, and March 28, 2024;
• supplied to Aave;
• withdrew 1.59M SNX back from Aave to deposit to Binance at only $2.76 ($4.39M) on June 3, 2024;
• currently no longer holds SNX.

2. As for CAKE, the whale realized a small estimated profit of $43.8K (+0.39%) from the token:

• bought 4.29M CAKE via MEXC and PancakeSwap at $2.65 on average (estimated cost: $11.37M) between November 12, 2023, and May 16, 2024, via 2 wallets 0x09d and 0xe5e;
• supplied to Venus;
• sold 3.64M CAKE via PancakeSwap and Binance at $2.67 on average ($9.72M) on April 14, June 2 and 3, 2024. Among these tokens, 3.44M CAKE ($9.12M) was moved to Binance via the same deposit address in the past 8 hours, causing the price to drop sharply;
• currently no longer holds CAKE.

The prices of SNX and CAKE have dropped around 5.54% and 8.08% in the past 8 hours, respectively, after the whale's deposits.

Fig 1. Whale 0x09d deposited 1.59M SNX ($4.54M) to Binance and caused a sharp price drop.

Fig 2. Whale 0x09d's overall SNX trading history.

Fig 3. Whale 0x09d/0xe5e deposited 3.44M CAKE ($9.12M) to Binance in the past 8 hours.

Fig 4. Whale 0x09d/0xe5e's overall CAKE trading history.