Whale Dumps PEPE and BEAM, Buys ONDO with $6.26M DAI
A crypto whale sold all PEPE and BEAM, losing $14M, and invested $6.26M DAI in ONDO. Is this a bullish sign for ONDO?
- A whale sold PEPE and BEAM at a $14M loss.
- The investor used $6.26M DAI to buy 5.35M ONDO tokens.
- This marks the whale’s first investment in ONDO.
Whale Sells PEPE and BEAM, Takes $14M Loss
In a surprising move, a well-known crypto whale has liquidated all holdings in PEPE and BEAM within the past 17 hours. According to Blockchain tracking platform Spot On Chain, this sell-off resulted in a cumulative loss of approximately $14 million. Such a large exit from these tokens raises questions about Market confidence and the investor’s next move.
Massive ONDO Purchase Worth $6.26M
Following the sell-off, the whale shifted its focus to ONDO, a relatively new entrant in the crypto market. Blockchain data reveals that the investor spent 6.26 million DAI to acquire 5.35 million ONDO tokens. Notably, this is the whale’s first-ever investment in ONDO, signaling potential confidence in the token’s future performance. The substantial purchase suggests a strategic shift in investment, possibly anticipating a bullish trend for ONDO.
According to Spot On Chain, a whale sold all PEPE and BEAM in the past 17 hours, with a cumulative loss of about $14 million, and invested in ONDO instead. It spent 6.26 million DAI to buy 5.35 million ONDO, which was the first purchase of the token.https://t.co/FQre7kRrGn
— Wu Blockchain (@WuBlockchain) March 3, 2025
What This Means for ONDO and the Market
Such large-scale transactions often influence market sentiment. The whale’s decision to enter ONDO after incurring a major loss on PEPE and BEAM indicates a belief in ONDO’s long-term potential. While the immediate impact remains uncertain, traders and investors will be closely watching ONDO’s price movements and adoption rate. If ONDO sees an uptrend, this whale’s move could be seen as an early signal of strong market demand.
