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Whale Purchases 37 Million MON Tokens in $1.35 Million USDC Transaction

Whale Purchases 37 Million MON Tokens in $1.35 Million USDC Transaction

Blockchain data shows whale 0xccB5 has opened a 3x leveraged MON position with a $0.02298 liquidation price, extending earlier large-scale purchases and unrealized gains.

USDC

Fact Check
The statement is strongly supported by multiple independent news sources with high relevance. Specifically, a PAnews LAB article and two separate Bitget news reports all directly and consistently state that a 'whale' purchased 37 million MON tokens for 1.35 million USDC. The specificity of these figures and their repetition across different platforms lend significant credibility to the claim. One of the sources further bolsters this by attributing the information to an on-chain monitoring service (OnchainLens), suggesting the report is based on verifiable blockchain data.While the highest-authority sources provided (Messari, The Block, CoinDesk) do not contain this specific transaction detail, they serve to confirm the context: the existence of the MON token and its recent token sale. Crucially, none of the provided sources contradict the statement. The absence of a direct link to the on-chain transaction itself is the only factor preventing a near-certain assessment. However, the consistent reporting from multiple secondary sources makes the claim highly probable.
Summary

According to Lookonchain, whale address 0xccB5 initiated a 3x leveraged long of 171.68 million MON worth $5.6 million within the past 12 hours, with a $0.02298 liquidation price. The position holds an unrealized profit of $654,000 and follows a prior buy of 37 million MON for 1.35 million USDC. These trades indicate continued heavy investment in MON via both leveraged and spot positions.

Terms & Concepts
  • Whale: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value ratio with the U.S. dollar.
  • 3x Leveraged Long Position: A trading strategy that amplifies exposure to an asset by three times, increasing potential returns and risks.