Entity lost $2.53M (-55%) from REEF amid severe price drop

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Oct 16, 2024

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Entity lost $2.53M (-55%) from REEF amid severe price drop

Outflow

Related addresses

0x76ec7CCa99643AD2444c27dDA8E6dE12eB915698

0xc490c8ff0273b1f4cd52c9a5a2e68717b292d601

0xfcc7f58a097a22f76600e67f37c1d794e909a47a

Total tokens transferred

866.096M

REEF

Three wallets (one entity), 0x76e, 0xc49, and 0xfcc, jointly deposited 866M REEF ($2.07M) to HTX, KuCoin, and Gate.io at a massive loss, in the past 2 hours:

address 1: 0x76ec7cca99643ad2444c27dda8e6de12eb915698
address 2: 0xc490c8ff0273b1f4cd52c9a5a2e68717b292d601
address 3: 0xfcc7f58a097a22f76600e67f37c1d794e909a47a

Notably:

The three wallets were funded with 0.1 ETH each by the same wallet 0x046410b34990D1c10019CB647aEeb6E968286266 and thus, they likely belong to the same entity.
These wallets withdrew 955.549M REEF from Gate.io at an average price of $0.005 (estimated cost: $5.06M) between September 23 and October 12, 2024.
After the price plummeted by 71.8% (27H), they deposited 866M REEF ($2.07M) to various exchanges at an average price of only $0.002 in the past 2 hours, allegedly accepting a massive joint loss of $2.53M (-55%).
Currently, there remains only 89.45M REEF ($204K) in the wallet "0xfcc", with another unrealized loss of $270K.

Fig 1. The overall REEF trading history of the three wallets (one entity), 0x76e, 0xc49, and 0xfcc.

#reef

#deposit

#htx

#loss

#massive

#dump

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Three-wallet entity accepted a $2.53M loss (-55%) from REEF amid a severe price drop

Last synced: Oct 16, 08:39

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2024 Oct 16 - 13:06

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Fresh wallet further withdrew 269M REEF ($1.49M) from Gate.io from Gate.io

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