Crypto Whales: The Wolves in Sheep’s Clothing? 🐺💸
As the crypto market awakens from its slumber, like a bear emerging from hibernation, the DeFi tokens are gaining momentum. But, alas, the bullish comeback for Lido DAO (LDO) and Maker (MKR) tokens is becoming an exit opportunity for many. The wolves in sheep’s clothing, also known as crypto whales, are cashing out, leaving the rest to wonder if the DeFi tokens will maintain their positive growth.
The DeFi market cap has risen to $130 billion, with a trading volume of $7.562 billion. Lido DAO (LDO) and MakerDAO (MKR) are leading the charge, but the question remains: will they continue to rise, or will the whales’ exit signal a downturn?
The Great Whale Heist: Profit-Taking amid DeFi Recovery Run
A tweet from Spot On Chain reveals that a smart whale, known as inveteratus.eth, has cashed out of MakerDAO, selling 1,230 MKR tokens for 1.78 million USDC. The whale’s profit? A whopping $418,000, with a 30.6% return. But, as the saying goes, “pride comes before a fall.” Will the whale’s exit mark the beginning of the end for the DeFi tokens’ bullish run?
A smart whale has cashed out as the $MKR price surges ~20%!
In the past 8 hours, whale 0x637 (“inveteratus.eth”) sold all 1,230 $MKR for 1.78M $USDC at ~$1,448, securing a $418K profit (+30.6%) in less than a month.
Back in April 2024, the whale took $1.86M profit from a…
— Spot On Chain (@spotonchain) February 21, 2025
Lido DAO: A Whale’s Tale of Selling Pressure
Crypto whale Chung Wang has sold 300,000 LDO tokens for 518k USDC in the past 24 hours. This brings the total selling amount to 5.8 million LDO in 2025, amounting to 10.27 million USDC. But, as the saying goes, “you can’t have your cake and eat it too.” Will the whale’s selling pressure mark the end of Lido DAO’s bullish run?
Investors are offloading $LDO in the past 24 hours!
1/ Chun Wang (@satofishi) sold 300K $LDO for 518K $USDT ~10 hours ago.
Since the start of 2025, he has sold 5.8M $LDO for 10.27M $USDT at ~$1.771, now holding 2.2M ($3.81M).
2/ Wolfgang Albrecht (@thealbrechtwolf) deposited…
— Spot On Chain (@spotonchain) February 21, 2025
The Plot Thickens: Lido DAO Price Analysis
With the short-term recovery in Lido DAO, the LDO price has settled at $1.80. But, as the saying goes, “the road to hell is paved with good intentions.” Will the DeFi bulls regain control, or will the whale’s selling pressure mark the end of Lido DAO’s bullish run?
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2025-02-21 12:41