Jan 04, 2024
SOC Team
Whale got FOMO and accumulated OP around peak
Inflow
Related addresses
Total tokens transferred
1.096M
OP
Whale 0xe84 withdrew 1.096M OP ($4.07M) from Binance at an average price of $3.71 around the local peak:
- transaction 1: 0x3dea396adf8c99dde8c009df73eaa0aed2a962d363b301f443769142fbf0f0f6
- transaction 2: 0x5fdfb8e7ebc5bcd73030b59f8d9bb477402687d86ba5034dfec0eb81f9780d1a
- address: 0xe8400784ffcef3909e0391c9688f47fb9941c0a0
Since July 8, 2023, the whale has traded OP 6 times. He/she won in 4 trades but lost big 2 times, resulting in a cumulative realized loss of $193K.
Notably, the whale appears to be FOMO with the imminent Cancun Upgrade that is confirmed to take place in the first quarter of 2024 and is believed to enormously benefit Layer2 projects such as Arbitrum or Optimism.
Fig 1. Whale 0xe84's overall PnL on OP trades.
#op
#optimism
#accumulate
#loss
#fomo