According to crypto onchain data, a crypto whale may have panicked after two days of volatility in the crypto market.
According to onchain data provided by Lookonchain, a crypto whale sold off Pepe (PEPE) and Beam (BEAM) tokens after losing a total of $14 million and purchased $6.26 million worth of Ondo (ONDO) tokens.
This crypto whale had previously spent $9.18 million to purchase 261.6 billion PEPE tokens. In the latest case, the whale sold these assets today for $2.12 million, making a total loss of $7.05 million.
On the other hand, this whale had previously spent $11.11 million to buy 531.7 billion BEAM tokens. When we come to the present day, the whale wallet sold all of these tokens today and earned $4.1 million, losing $7.01 million in total.
Following their sale, the whale appears to have purchased 5.35 million ONDO tokens using $6.26 million worth of DAI stablecoins in onchain transactions.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/whale-with-big-losses-changed-his-opinion-abruptly-he-sold-two-altcoins-he-lost-14-million-and-bought-this-altcoin-instead/