A SPX whale address with a profit of 289 times is selling SPX to lock in profits

By: blockbeats|2024/10/22 14:19:45
0
Share
copy

BlockBeats news, on October 12, according to Lookonchain monitoring, a whale address holding 19.15 million SPX (about 15.7 million US dollars) is selling SPX to take profits. The address's profit on SPX is about 14 million US dollars, with a return of 289 times.

The address spent $48,400 on Solana to buy 19.15 million SPX between January 29 and March 21. He bridged all SPX to the Ethereum network and started selling SPX on October 3. So far, the address has sold 4.15 million SPX at a price of 708 ETH and still holds 15 million SPX (about 12.3 million US dollars).

You may also like

Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns

From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...

Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy

AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.

Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis

With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.

Zuckerberg is building an AI agent to help him as CEO

Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.

Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?

For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.

Zuckerberg is building an AI assistant to help him be CEO

Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.

Popular coins

Latest Crypto News

Read more