A SPX whale address with a profit of 289 times is selling SPX to lock in profits
BlockBeats news, on October 12, according to Lookonchain monitoring, a whale address holding 19.15 million SPX (about 15.7 million US dollars) is selling SPX to take profits. The address's profit on SPX is about 14 million US dollars, with a return of 289 times.
The address spent $48,400 on Solana to buy 19.15 million SPX between January 29 and March 21. He bridged all SPX to the Ethereum network and started selling SPX on October 3. So far, the address has sold 4.15 million SPX at a price of 708 ETH and still holds 15 million SPX (about 12.3 million US dollars).
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