Whale 0xad7 Withdraws $3.48M In WLD Amid Price Slump

Whale 0xad7 has made another significant move, withdrawing 1.242 million WLD tokens, valued at $3.48 million, from OKX. This brings the whale’s current holdings to 2.69 million WLD, worth approximately $7.52 million. Despite the recent downturn in WLD’s price—down 25.10% in the last 24 hours—the whale remains in profit. The total estimated gain stands at $893,000 (+9.03%), with $293,000 of that already realized. The whale’s activity highlights a calculated approach to trading. Between October 26 and December 10, 2024, they withdrew 3.804 million WLD from OKX at an average price of $2.597, amounting to an estimated $9.88 million in costs. Subsequently, 1.117 million WLD were deposited back to OKX at an average price of $2.86, yielding $3.19 million, with transactions occurring on November 26 and December 3, 2024. A whale took chances to withdraw 1.242M $WLD ($3.48M) from #OKX 5 hours ago, after the price plunged by 25% during the crash. This increased the whale’s WLD holdings to 2.69M $WLD ($7.52M). In less than 2 months of trading $WLD , the whale has achieved an estimated total profit… pic.twitter.com/QbCQ4CpTXn — Spot On Chain (@spotonchain) December 10, 2024 These strategic withdrawals and deposits reflect an effort to capitalize on market fluctuations. However, the recent price drop could present new challenges or opportunities for the whale’s trading strategy. WLD’s sharp 25.10% price decline over the past day underscores the heightened volatility in the market. As whale activity often influences token liquidity and sentiment, this latest move may have contributed to the downward pressure on WLD. With significant holdings and a clear profit-driven approach, whale 0xad7 remains a key player in the WLD market. Their ongoing activity will likely continue to attract attention as traders monitor the impact on price movements and market stability. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: gulzarkarimn/ 123RF // Image Effects by Colorcinch