Techub News, citing a post from @ai_9684xtpa, reported that the Ethereum Name Service address mcaavebank.eth deposited 9 million ONDO to OKX about six hours earlier. The transfer was valued at roughly $4.47 million based on a deposit price of about $0.4963 per token. The address had previously been a long-term liquidity provider on Uniswap and had held the position for more than a year. According to the same disclosure, it began providing liquidity around a year ago when ONDO was trading in a $0.7 to $1.3 range. The exact cost basis was not disclosed, so the profit or loss on this apparent sale remains unclear.
Techub News reported, citing a post by @ai_9684xtpa, that the Ethereum Name Service address mcaavebank.eth deposited 9 million ONDO to OKX about six hours earlier. Based on a deposit price of about $0.4963, the transfer was worth roughly $4.47 million.
Previous position on Uniswap
The address had previously provided liquidity on Uniswap for an extended period, with the holding period lasting more than one year.
According to the disclosure, the address started providing liquidity around a year ago when ONDO was trading in a $0.7 to $1.3 range. Its exact cost basis was unknown, leaving the profit or loss from this sale unclear.
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