Whale unstaked and moved all MATIC to FalconX at loss

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Apr 18, 2024

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Whale unstaked and moved all MATIC to FalconX at loss

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Related addresses

0xa8db69079085cbfdb3732158c0ef6cf23f86e13e

Total tokens transferred

17.191M

MATIC

Related transactions

0xa8db69079085cbfdb3732158c0ef6cf23f86e13e

FalconX deposit

Apr 18, 06:27

Whale 0xa8d just deposited 17.19M MATIC ($11.44M) to FalconX at $0.666:

transaction: 0xec59e3df435df34eefb373018b47bacc6fd1f32181cc7c65d2d4e6d69f7b50b3
address: 0xa8db69079085cbfdb3732158c0ef6cf23f86e13e

Overall, the whale:

withdrew 17.036M MATIC tokens from Coinbase at $0.949 on average (estimated cost: $16.17M) on November 8, 2022, and January 9, 2024;
staked all MATICs with Polygon to earn more tokens;
unstaked and deposited 17.191M MATIC to FalconX at $0.666 ($11.44M) on April 18, 2024;
realized an estimated loss of $4.87M (-29.9%) after nearly 1.5 years if truly selling.

Note that apart from MATIC, the whale has yet to trade other tokens.

Fig 1. Whale 0xa8d's overall MATIC trading history.

#deposit

#falconX

#loss

#matic

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Whale 0xa8d unstaked and moved all MATIC to FalconX at loss

Last synced: Apr 18, 06:33

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