According to on-chain monitoring by Onchain Lens, a whale address deposited 3.82 million GRASS tokens to Bybit and OKX after holding them for one year, valued at approximately $1.86 million at the time of deposit. On-chain records show the address initially withdrew these GRASS tokens from Gate, Bybit, and BitGo one year ago at a total cost of $6.08 million, resulting in a loss of $4.22 million — a decline of about 69.4%.
Data from Onchain Lens reveals that the whale accumulated the 3.82 million GRASS gradually from multiple centralized exchanges last year. Over the year, the price of GRASS has fallen sharply, shrinking the position from $6.08 million to $1.86 million. The decision to send the tokens to exchanges is typically interpreted by on-chain analysts as a potential sell signal.
Whale movements often reflect large capital’s sentiment toward specific tokens. In this case, the substantial loss also underscores the high-risk nature of long-term crypto holdings. It remains unclear whether the whale will immediately place sell orders, but the size of the deposit — 3.82 million GRASS — could create notable selling pressure on the market.