In a series of remarkable whale activities, significant crypto holders have executed substantial transactions involving ONDO and JASMY tokens, in line with recent listings on top cryptocurrency exchanges. Notable movements were observed on platforms such as Bybit and Coinbase, indicating potential profit-taking and strategic asset reallocations.
After the listing of ONDO on Upbit, two whales deposited a total of 2.95 million ONDO tokens, valued at around $3.86 million, into Bybit. Market analysts view this action as a tactic to take advantage of the positive market response to the listing.
A whale identified as 0x440 unloaded 1.95 million ONDO tokens, worth approximately $2.55 million, securing an estimated profit of $1.94 million, representing a 42% gain. Another whale, 0xa87, transferred 1 million ONDO tokens valued at $1.31 million to the exchange, resulting in profits of $808,000, reflecting a 45% increase. This whale still holds 1 million ONDO tokens, maintaining a substantial position in the asset.
Significant withdrawals on Coinbase highlight the whale’s strategy. Around 14 hours ago, a transaction 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 approximately $1.93 million and $4.31 million, respectively. Currently, this entity owns around 3.8 million ONDO tokens, equivalent to roughly $5 million.
Further examination reveals the whale’s extensive crypto portfolio, with Ethereum (ETH) leading the way at approximately $42 million. This is followed by Fetch.ai (FET) and Shiba Inu (SHIB), valued at around $35.83 million and $21.68 million, respectively.