Whale 0x23f just deposited 3.64M MATIC ($2.45M) to Coinbase at $0.674:

• transaction: 0x36130682fbc3e8fa8f365f3cd7f2b2801d9e977b80dafd6e34538a396f630b84
• address: 0x23fd5cce890185aa64b4a968812277bef4534a08

Notably, the whale withdrew those MATIC tokens from Coinbase at $0.891 on average (estimated cost: $3.24M) between April 1 and 14, 2024. If truly selling now, the whale would realize an estimated loss of $788K (-24.3%) after over a month of holding.

Overall, in the past 4 days, we noticed three whales, including the one above, deposited 11.736M ($8.4M) MATIC to Coinbase at a joint estimated loss of $1.86M. These wallets all withdrew their MATIC tokens from Coinbase within the first half of April.

• Visit the visualizer for more details.

Fig 1. Whale 0x23f's overall MATIC trading history.

Fig 2. Three whales that withdrew MATIC within the first half of April have deposited MATIC away at loss.