On July 20, the whale with wallet address 0xd441 deposited 2.53 million SPX on Bybit and made a profit of nearly 4.46 million USD.
This user previously owned a total of 13.34 million SPX via Bybit and several other wallets, and still holds over 6.35 million SPX valued at approximately 11.44 million USD across three separate wallets.
MAIN CONTENT
Whale 0xd441 transferred 2.53 million SPX to Bybit, earning a profit of 4.46 million USD.
Previously, this whale owned 13.34 million SPX on Bybit and other wallets.
Currently holding 6.357 million SPX worth 11.44 million USD across 3 separate wallets.
Who is whale 0xd441 and what are their notable activities in the SPX market?
Whale 0xd441 is known through Onchain Lens data as a major and influential investor in the SPX market, with large-scale transactions making a distinct mark.
What does whale 0xd441's current SPX portfolio consist of?
Wallet management information shows that whale 0xd441 maintains a large amount of SPX spread across three separate wallets, creating diversity in asset allocation.
Currently, the total amount of SPX that the whale holds is 6.357 million tokens, converted to market price at the time of the report equivalent to 11.44 million USD. Asset allocation across multiple wallets helps increase risk control and flexibility in trading.
Whale 0xd441 has proven to have a significant influence by executing transactions worth millions of USD, showing confidence in SPX's growth potential in the market.
Cryptocurrency market analyst, July 2024
How do the activities of large whales affect the SPX market?
Large transactions from whales often have a strong impact on liquidity and price fluctuations of tokens, especially on centralized exchanges like Bybit.
Whale 0xd441's deposit and profit-taking of millions of USD demonstrate a high level of interest and significant cash flow into SPX, which may cause short-term fluctuations but also stimulate liquidity and forecast positive long-term price trends.
Frequently Asked Questions
How has whale 0xd441 profited from SPX?
Whale 0xd441 recorded a profit of 4.46 million USD from depositing 2.53 million SPX on Bybit in July 2024.
What kind of token is SPX that whales invest in?
SPX is a token on the blockchain platform, attracting significant attention due to its growth potential and high trading volume from major investors.
Why do whales distribute SPX across multiple wallets?
Holding SPX across multiple wallets helps reduce security risks, increases flexibility, and creates effective asset management strategies.
What is the impact of whale trading on the cryptocurrency market?
Whale trading often causes significant price fluctuations, boosts liquidity, and affects investor sentiment in the short and medium term.
How to accurately track whale activities?
Using reputable Onchain tools like Onchain Lens helps update and analyze cryptocurrency transaction data of whales.
Source: https://tintucbitcoin.com/ca-voi-nap-253-trieu-spx-loi-446-trieu-usd/
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