Whale Withdraws 13.07 Million TRX from Binance to Buy SUNDOG, Faces 44% Loss

According to COINOTAG news on September 17, on-chain analysis by Yu Jin revealed a significant move by a whale in the cryptocurrency market. The whale reportedly pulled 13.07 million TRX, equivalent to approximately US$1.99 million, from Binance four days ago. Subsequently, they executed a single, large-quantity purchase of 3.52 million SUNDOG. This transaction caused a considerable slippage, driving the price of SUNDOG up to US$1.

The whale’s average acquisition cost per SUNDOG token was US$0.565, a figure notably higher than its current trading price of US$0.313. As a result, the whale is experiencing a substantial floating loss, estimated at 44%, amounting to US$880,000.