In a series of notable whale activities, large crypto holders have engaged in substantial transactions involving ONDO and JASMY tokens, aligning with recent listings on major cryptocurrency exchanges. Noteworthy movements were observed on platforms like Bybit and Coinbase, reflecting potential profit-taking and strategic asset reallocations.
Following the listing of ONDO on Upbit, two whales deposited a combined 2.95 million ONDO tokens, valued at approximately $3.86 million, into Bybit. Market analysts interpret this move as a strategy to capitalise on the listing’s positive market response.
The first whale, identified by their address as 0x440, transferred 1.95 million ONDO tokens worth about $2.55 million, securing an estimated profit of $1.94 million, which translates to a 42% gain. The second whale, 0xa87, moved 1 million ONDO tokens valued at $1.31 million to the exchange, with profits amounting to $808,000, reflecting a 45% increase. This whale still retains another 1 million ONDO tokens, maintaining a significant position in the asset.
Substantial Withdrawals Highlight Whale Strategy on Coinbase
Approximately 14 hours ago, a transaction possibly linked to a notable account (potentially eToro) involved the withdrawal of 1.5 million ONDO tokens and 120 million JASMY tokens from Coinbase, valued at around $1.93 million and $4.31 million, respectively. Currently, this entity holds about 3.8 million ONDO tokens, equivalent to roughly $5 million.
Further details reveal the whale’s extensive crypto portfolio, with Ethereum (ETH) topping the list at approximately $42 million. This is followed by Fetch.ai (FET) and Shiba Inu (SHIB), valued at about $35.83 million and $21.68 million, respectively.
