A recent whale activity has raised speculation across the crypto community. As per SpotOnChain, a crypto whale has dumped $BEAM and $PEPE tokens to purchase $ONDO. Nonetheless, in this crypto offloading for $ONDO, the whale has reportedly incurred a significant loss of $14M.
The respective whale activity has reportedly unfolded in the recent seventeen hours. The prominent on-chain analytics provider considers this move the onset of crucial market developments.
Crypto Whale Buys $ONDO after Incurring M in $BEAM and $PEPE
Spot On Chain has identified the crypto whale as “0x655” which liquidated crypto holdings in $BEAM and $PEPE tokens. The purpose of these liquidations was to buy $ONDO tokens. However, the whale has experienced a staggering loss of up to $14M during this activity.
The whale offloaded nearly 261.6M $BEAM tokens for $DAI valued at $2.13M. This offloading led to a massive loss of $7.13M (-77%). On the other hand, the whale sold 531.7B $PEPE tokens for $DAI valued at $4.1M. This move resulted in a 63% loss, equaling $6.9M in value. Irrespective of these enormous losses, the whale rapidly invested the retrieved amount in $ONDO.
In this respect, the whale bought 5.35M $ONDO tokens for almost $6.26M $DAO. This $ONDO purchase holds a great importance in terms of timing, raising notable speculation. $ONDO is a noteworthy token in the World Liberty Financial portfolio of U.S. President Donald Trump.
Whale Buyout Raises Speculation about $ONDO’s Potential Inclusion in U.S. Crypto Reserve
According to SpotOnChain, Trump has recently announced the inclusion of $ADA, $XRP, $SOL, $ETH, $BTC, and other viable crypto assets in the US Crypto Reserve. Hence, the latest $ONDO investment by the whale might be a strategic move keeping in view $ONDO’s potential inclusion in the reserve. Meanwhile, the market onlookers keep watching for likely signals of a noteworthy market shift concerning $ONDO.
