Crypto Alert: Massive SNX Whale Dump Worth $4 Million Shakes Market
Central issues:
- A whale unloaded 2,015,264 $SNX tokens ($4M) on Binance, causing a deficiency of ~$785K.
- The whale at first purchased $SNX tokens at $2.44 on May 18 utilizing $4.9M USDT.
- Thusly, the whale procured 569,907 $LINK tokens ($4M) and encountered a deficiency of ~$227K.
Enormous SNX whale dump shocks crypto markets. Examination of the move, misfortunes, and ensuing Connection venture. Remain tuned for refreshes.
In an unexpected and critical move detailed by Lookonchain, a crypto whale as of late unloaded a faltering 2,015,264 $SNX tokens on the Binance trade, creating a ruckus in the crypto market. This gigantic auction added up to a deficiency of roughly $785,000 for the whale.
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The story started on May 18, when this specific whale put a heavy $4.9 million in USDT to buy the previously mentioned 2,015,264 $SNX tokens at a cost of $2.44 per token. Nonetheless, the whale’s technique went off in a strange direction as they chose to offload their SNX possessions, just to get 569,907 $LINK tokens esteemed at $4 million.
Interestingly, before this transaction, the whale had previously invested $1.41 million to purchase 174,138 $LINK tokens. Unfortunately, they eventually had to sell these tokens at a reduced price, resulting in a loss of approximately $227,000.
