🐋 One of the whales began transferring his coins to Binance while other whales were launching stablecoins.

This investor held his assets for over a year, but his investment is now in the red, with an unrealized loss of $4 million.

Here is the list of coins:

- 3.43 million $ONDO ($1.69 million), loss of $1.03 millions

- 621,914 $WLD ($387,000), loss of $1.11 millions

- 967,558 $FET ($243,000), loss of $1.07 millions
- 623,055 $ARKM ($146,000), loss of $1 millions

Most likely, he is wary of a further market correction and decided to lock in the losses on his positions.

🐳 At the same time, several whales have transferred funds to exchanges over the past 24 hours. $USDe stablecoins worth $48.9 million, $11.5 million, and $8.9 million were sent to Bybit.

These stablecoin transfers to exchanges may indicate whales' desire to gradually begin buying back the market.