Yesterday, Balina, who sold PEPE and bought a new altcoin, incurred losses again, turned to another one! - Coin Bulletin

A crypto whale exited the ONDO investment, losing $854,000 in just one day, and then purchased Maker (MKR) and Wrapped Bitcoin (WBTC).

In recent days, the whale, who invested in ONDO by disposing of Pepe (PEPE) and Beam (BEAM) assets, quickly gave up on this investment. According to Spot On Chain's data, the whale sold 5.35 million ONDO to obtain 5.41 million DAI. However, in this transaction, they suffered a loss of 854 thousand dollars, equivalent to a 14% loss.

Transition to MKR and WBTC

After the ONDO sale, the whale paid 1.48 million dollars for 1,050 MKR tokens. The price of MKR was at the level of 1.404 dollars at the time of purchase. Additionally, they invested 5.34 million dollars by purchasing 63,416 WBTC. The purchase price of WBTC was recorded as 84,150 dollars.

In the last few days, there has been curiosity about how this whale, which has suffered serious losses, will follow a strategy with its new investments. Especially WBTC and MKR purchases are interpreted as the whale wanting to move towards more stable assets.