Whale 0x992 just deposited all 9.1M YGG ($4.14M) to Binance at $0.455:

• transaction: 0x3a7c12117b198d24b0727a7b166986eaa3547a8538728f2c1ae735a4b11be724
• address: 0x992ec71207c9e183e64c81461908f1a1a783af6a

Notably, the whale withdrew those YGG tokens from Binance at an average price of $1.067 (estimated cost: $9.7M) on March 28, and April 24, 2024. If truly selling now, the whale would realize a massive estimated loss of $5.56M (-57.3%).

Furthermore, we noticed that the Binance deposit address the whale used was also shared with Arca Capital. This VC used to deposit DYDX, RDNT, OP, and many other tokens to Binance via this deposit address. Hence, there is a chance that whale 0x992 belongs to Arca Capital.

Fig 1. Whale 0x992's overall YGG trading history.