On-chain analyst Ember reported that a whale or institutional entity has recently exited long-held DeFi token positions, realizing a combined loss of $9.61 million. The address sold 37.26 million CRV 10 days ago after holding the tokens for three years. That position was worth $13.05 million at exit, with an average entry price of $0.51 and a sale price of $0.35, resulting in a $5.97 million loss. Separately, three hours ago, the same entity transferred 4.01 million PENDLE to OKX and sold at $2.38 after holding the tokens for one year. The average entry price for that position was $3.29, bringing the loss on the trade to $3.64 million. The two disposals together brought total realized losses to $9.61 million, according to Ember’s monitoring.
According to monitoring by on-chain analyst Ember, a whale or institutional entity has recently exited long-held DeFi token positions, booking total losses of $9.61 million.
Ten days ago, the address sold 37.26 million CRV that it had held for three years. The position was worth $13.05 million at the time of sale. Ember said the average entry price was $0.51, while the exit price was $0.35, leaving the holder with a $5.97 million loss.
Then, three hours ago, the same entity transferred 4.01 million PENDLE, held for one year, to OKX and sold at $2.38. The average entry price for that position had been $3.29, resulting in a further $3.64 million loss.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
