Whale Deposited the Altcoin to Binance at a Loss to Avoid a Bigger Loss!

The cryptocurrency whale transferred his altcoins with tens of thousands of dollars of loss to the stock market.

A whale sent loss-making Maker (MKR) assets to the cryptocurrency exchange. Reported by on-chain analysis platform Lookonchain to data according to 19 December whale wallet activated on the day, $4.27 million worth 3,286 MKR cryptocurrency exchange to Binance transferred.

According to the data, the whale has been using Binance again in the past period. $1,324 at cost $6.32 million worth 4,776 MKR had bought it. This purchase in 5 pieces carried out in different time periods.

But in the hours when the whale deposited these assets back to Binance, the price $1,318 was at the level. Based on this, Lookonchain estimates that the whale’s MKR investment is approximately 30 thousand dollars in loss He emphasized that it was.

After the last transactions made in the whale wallet in question, only 50 thousand dollars worth of stablecoins remained.

According to CoinGecko data, in the last 24 hours 1.5% rise MKR exhibiting, at the time of writing from $1,272 is being traded.


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