
May 15, 2024
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Four inactive whales moved all RNDR to Coinbase for massive profits
Outflow
Related addresses
Total tokens transferred

6.761M
RNDR
Related transactions
Four whales jointly deposited all 6.761M RNDR ($73.6M) to Coinbase at $10.882 on average in the past 2 hours, after 6 months of inactivity:
- address 1: 0x38c0f20137725601286fAD0182853321E000BAC6 (txn: 0x16b34fa9bab5c82fd4ebdce87acbc370db1ed1c3ecbccb157e518a0e37847e17)
- address 2: 0xafB6adF94d8F1859CB75bF6DD0c4B70E423445C7 (txn: 0x78a589f0ba8d2f31c3e25718d130efd654bf546407a195d7b18d235e4e39a0ab)
- address 3: 0x4b22c854cE38eD3110C2e34530EF45DeF86FFf88 (txn: 0xe22921fb8a3e8bf067b3821760de8cf788af9e2dc15053920d17ba60e6806c2c)
- address: 0x5393cb9ff44f426fbf6d791029eccf28de5330ed (txn: 0xb1c3327a71d2834be2b0eded208dc7eb69681facd5812b3ca4b4eb53d5729ace)
Notably:
- Each whale accumulated a total of 1.69M RDNR. They withdrew their RNDR tokens from Coinbase mostly between late October and early November 2023 at an average price of only $2.271 (shared estimated cost: $15.4M).
- If truly selling now, each whale would realize an individual estimated profit of around $14M+ from RNDR after holding for as long as 11 months. This brought their joint profit to $58.2M (+379%).
- For more details on the PnL of each whale, refer to the table below.
Fig 1. Four whales deposited all 6.76M RNDR ($73.6M) to Coinbase in the past 2 hours.
Fig 2. The four whales' overall RNDR trading history.
Fig 3. The individual PnL of the four whales that deposited RNDR to Coinbase just now.