Seven wallets (likely one whale) just deposited all 19.17M MATIC ($9.76M) to FalconX at $0.509 via the same deposit address:

• to FalconX transaction: 0xa3bb72cf386f0a4b4a9cb242f9b8b269fbf3f4fea0f675214476b82f3319d9be

• address 1: 0xEAFeFeC3Fd5C08E07ffA06088532BdADE575bb6b
• address 2: 0x4fB59449946e6A8324414930f92F80Bf12e7AE49
• address 3: 0xdeDF3f6BA25f69bBcd9CFEfafa6A5E1d9d30C22C
• address 4: 0x20385692Ec7aBa24314B9fDF1f2161d7F12a4007
• address 5: 0x65218D587cF08f951D9d7585c74D46af8140032a
• address 6: 0x1864295eb844BE1d4355E0690CF7697876D8594D
• address 7: 0x58B249511B1A9797ea1239AD7fE8c1101bB26615
• Visit the list of the 7 wallets (likely one whale) that unloaded MATIC in July 2024 here.

Notably, these wallets withdrew those MATIC tokens from Coinbase Prime at an average price of $0.883 (estimated cost: $16.93M) on November 1 and 9, 2023, and March 2, 2024. If truly selling now, they would realize a total estimated loss of $7.17M (-42.4%) after holding for 8 months.

Fig 1. Seven wallets (likely one whale)'s overall MATIC trading history.

Fig 2. The MATIC fund movements of the seven wallets (likely one whale).

Fig 3. The individual PnLs of the seven wallets (likely one whale).