The recent moves of Frax Share (FXS) whales worth millions of dollars created selling pressure on the price and made investors nervous.
Whales this time too FXS took action for. Powered by on-chain analysis platform Lookonchain in datamade by 2 different whale wallets FXS transactions place was given.
According to data 0xd53E named wallet 29 September day 219,674 FXS by selling $1.29 million worth 773 ETH took. 0x6C7d Another wallet named approximately $8.18 million worth 1.42 million FXSdecentralized finance (DEX) platform From FraxFinance He took it into his own wallet.
Lookonchain ensures that both wallet addresses It may belong to the same whale because he stated that the source address they shot from was the same. The platform also warned against extra selling pressure from whales.
While these transactions created a selling pressure on FXS, a significant decline was observed in the price. According to CoinGecko data, the whale traded on September 29. 6.8% value loser FXS, $6.11 from level for $5.70 declined. FXS, which continues to maintain its downward trend, is at the time of writing. from $5.63 finds buyers.