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Whale Moves $18.46 Million in WLFI to Bybit Amid Price Drop

A whale transferred 90 million WLFI tokens to Bybit at a lower price, incurring an unrealized loss of $1.89 million compared to a previous withdrawal a month ago.

Summary

A whale transferred 90 million WLFI tokens, valued at $18.46 million, to Bybit, incurring an unrealized loss of $1.89 million as the token price dropped from $0.225 to $0.205. This follows a prior withdrawal of 96.88 million WLFI a month ago.

Terms & Concepts
  • Whale: A term used in cryptocurrency markets to describe individuals or entities holding large quantities of a specific digital asset, capable of influencing market movements.
  • Unrealized Loss: A decrease in the value of an asset that has not yet been sold, meaning the loss exists only on paper until the position is closed.
  • WLFI: A cryptocurrency token involved in this reported transaction, valued at approximately $18.46 million in the recent transfer.