RWA Token ($ONDO) – What Smart Trader Made the HUGE Selling Volume Like This?

On August 5th, iCrypto recorded a very large $1.66M sell volume for this #RWA token, with $1.59M ‼️ of that coming from the wallet 0x3737 aka "ThisWillMakeYouLoveAgain"

On August 5th, iCrypto observed a substantial sell volume of $1.66 million for the RWA token, $ONDO. Notably, $1.59 million of this volume originated from the wallet 0x3737, known as “ThisWillMakeYouLoveAgain.”

This trader initially purchased $ONDO in the ~$0.25 range and sold a portion as the price doubled. However, he reinvested at the peak, buying in the $1.4-$1.2 range, and has now liquidated his entire position.

This trader, who goes by the online handle "ThisWillMakeYouLoveAgain," made a significant impact on the market with his large-volume trades. As iCrypto reported, his wallet, 0x3737, generated $1.66 million in sell volume for the RWA token, $ONDO, on August 5th. Of this volume, $1.59 million was attributed to ThisWillMakeYouLoveAgain's trades.

According to iCrypto's analysis, ThisWillMakeYouLoveAgain initially bought $ONDO in the ~$0.25 range and sold some as the price doubled. Afterward, he reinvested at the peak, buying in the $1.4-$1.2 range, and has now liquidated his entire position.

Despite his volatile trading, ThisWillMakeYouLoveAgain's wallet currently shows a profit of $1.84 million, yielding a 134.73% ROI with $ONDO. However, his ventures were not all successful. He took a hit with $IQ, cutting losses on that token, and now holds $DAI and $PEPE.

Meanwhile, OnchainDataNerd's reports indicate that within 24 hours, four wallets belonging to a single whale deposited a total of 9.256 million $ONDO (approximately $5.43 million) to Bybit. Five months ago, this whale accumulated these tokens at an average entry price of $0.9161. If sold at current prices, the loss would be around $3.05 million.

"Within 24 hours, 4 wallets (belong to 1 whale) deposited totally 9.256M $ONDO (~$5.43M) to #Bybit

5 months ago, he accumulated those tokens at avg entry $0.9161 and if sold all at current price, his loss will be ~$3.05M.

Address:https://t.co/lCn0oazgbh"

Curiously, the price of $ONDO has surged by 31% today, adding another layer of intrigue to this market saga. This unexpected price increase provides a brief respite for traders amidst the market's relentless volatility.

To stay up-to-date on the latest in Crypto, NFT, AI, Cybersecurity, and Metaverse news, follow us on Twitter @themerklehash.

The above is the detailed content of RWA Token ($ONDO) – What Smart Trader Made the HUGE Selling Volume Like This?. For more information, please follow other related articles on the PHP Chinese website!