Developers Move Large Amounts of Tokens to Exchanges in an Altcoin

MEVictim · 2026-01-15T19:21:36+00:00

Developers transferred 25 million ONDO tokens, worth $10.19 million, to various exchanges. Additionally, a whale incurred significant losses while leveraging WBTC and ETH, ultimately selling assets to repay debt after Bitcoin's price increase.

MEVictim

2026-01-15 19:21:36

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Source: CryptoNewsNet Original Title: Developers Move Large Amounts of Tokens to Exchanges in an Altcoin Original Link: https://cryptonews.net/news/altcoins/32284132/ 25 million ONDO tokens were withdrawn from the ONDO multisig wallet.

Following this transfer, worth approximately $10.19 million, the tokens were distributed across five different exchanges, including a certain compliance platform, certain exchanges, and other major trading venues. On-chain data indicates that the transactions were completed approximately 6 hours ago.

On the other hand, another notable development in the market was a large whale who bought WBTC and ETH at high levels using leverage, selling at a loss after Bitcoin rose above the $97,000 level. The whale sold 300 WBTC at an average price of $97,053, obtaining 29.11 million USDT, which was used to pay off debt.

The whale in question has accumulated losses of approximately $39.15 million to date. According to the data, in August 2025, the whale purchased 1,560 WBTC at $116,762 and 18,517 ETH at $4,415. Following the market downturn, the whale began selling in November, completely closing its ETH position at an average price of $3,049, resulting in a loss of $25.29 million, and selling 560 WBTC at $92,015, resulting in a loss of $13.86 million. It is reported that the whale currently still holds 1,000 WBTC.

ONDO-2,46%

WBTC-0,49%

ETH-0,12%

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