On Aug. 6, BlockBeats reported that a whale wallet had cut its SPCX position and moved into MU stock tokens. The flows were flagged by on-chain monitor Ember. In the early morning, the address sent 20,100 SPCXB to Binance. The tokens were worth about $2.3 million at the time of the transfer, and the whale is expected to book a loss of roughly $720,000. The estimated loss equals about 31% of the $2.3 million moved. About 20 minutes before the report, the same address withdrew 8,000 MUB from Binance. The MUB tokens are valued at about $6.97 million. The transfers show a clear transition out of SPCX and into a tokenized stock position tied to MU. BlockBeats cited Ember's monitoring as the source. No reason for the switch was given in the report. The figures cover only the two transactions flagged by the monitor, and no other activity from the address was disclosed.
A whale wallet has closed its SPCX position and moved into MU stock tokens, according to BlockBeats and on-chain data from Ember.
Early on Aug. 6, the address transferred 20,100 SPCXB to Binance. The tokens were worth around $2.3 million, and the whale is expected to take a loss of roughly $720,000 on the sale. About 20 minutes before the report went out, the same wallet withdrew 8,000 MUB from Binance, valued at approximately $6.97 million.
The two transfers show the wallet shifting from SPCX into a tokenized MU position.
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