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Whale Withdraws 2 Million SPX Worth $2.26 Million From Kraken

According to OnchainLens, a whale withdrew 2 million SPX from Kraken and now holds over 9 million SPX valued at $10.27 million with profits exceeding $5.8 million.

SPX

Summary

OnchainLens reported that a whale withdrew 2 million SPX tokens worth $2.26 million from Kraken nine hours ago. The whale’s total holdings now stand at 9.09 million SPX, valued at $10.27 million, with accumulated profits of $5.86 million. The whale’s address is identified as 0x44bb87629b9577740ff3aeb649e560bd65ae164a.

Terms & Concepts
  • Whale: A term used to describe an individual or entity that holds large amounts of cryptocurrency, with the potential to influence market movements.
  • SPX: A cryptocurrency token; in this context, it represents the asset involved in the whale’s withdrawal and holdings.
  • Kraken: A major cryptocurrency exchange where users can buy, sell, and withdraw digital assets.