Whale Loses $4.22 Million After Holding GRASS for One Year, Deposits 3.82 Million Tokens to Bybit and OKX

Onchain Lens has detected a large whale deposit: after holding for over a year, an address moved 3.82 million GRASS tokens (worth ~$1.86 million) to Bybit and OKX. The whale originally acquired those tokens about a year ago by withdrawing them from Gate, Bybit, and BitGo, with a total acquisition cost of $6.08 million.

Holding through a year-long decline has resulted in a massive loss. The $6.08 million investment is now valued at just $1.86 million, equating to a direct loss of $4.22 million and a drawdown of approximately 69.4%. This on-chain exit reflects the sustained weakness of GRASS over the past twelve months, with the whale opting to cut losses and move on.