- A whale that has been inactive for over 700 days deposited 1.2 million DYDX to Kraken today.
- At press time, DYDX was trading at $4.02 after its price slipped by 1.42% in the past 24 hours.
- A symmetrical triangle on DYDX’s 4-hour chart suggests that the token’s price may break out in the next 24-48 hours.
A dYdX (DYDX) whale has awoken from its 730-day slumber and deposited a substantial amount of DYDX tokens on Kraken. Lookonchain, the on-chain tracking platform, revealed in an X post today that this dormant whale sent 1.2 million DYDX, worth $4.97 million, to Kraken over the last 12 hours.
A wallet that has been dormant for 730 days deposited 1.2M $DYDX($4.97M) to #Kraken 5 hours ago, and currently has 2.8M $DYDX($11.6M) left.The wallet received 4M $DYDX ($16.5M) from the #dYdX Foundation Wallet in 2021.https://t.co/IMg4VQu2Ga pic.twitter.com/IP35i9Mrki
— Lookonchain (@lookonchain) November 16, 2023
As reported, the whale still holds 2.8 million DYDX, valued at $11.6 million, following the recent deposit made to Kraken. The post also shared that this specific whale received 4 million DYDX, estimated to be worth $16.5 million, from the dYdX Foundation…
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