Whale Moves 12.43 Million ASTER Tokens Worth $11.67 Million to Binance
On-chain data shows whale address 0x7771 sold millions of ASTER at steep losses, retaining a large holding despite total losses exceeding $64 million.
Summary
A whale identified as address 0x7771 has sold 4.68 million ASTER tokens at $0.71 each for $3.34 million, according to Lookonchain. The whale originally bought 68.25 million ASTER at $1.66 and now holds 63.22 million tokens worth $45.52 million, incurring total losses of more than $64 million. This transaction follows earlier large sales, including 3 million ASTER sold at $0.78 for a $667,000 loss and a 12.43 million-token transfer valued at $11.67 million to Binance.
Terms & Concepts
- Whale: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
- ASTER: A blockchain-based cryptocurrency token; its specific ecosystem or use-case was not detailed in the source.
- On-chain analysis: The study of blockchain transaction data to track movements of assets and identify patterns.