- A whale dumped all its PEPE and BEAM holdings for DAI which resulted in a $14 million loss.
- Based on reports from Spot On Chain, after the dump, the price of both tokens collapsed.
- After the dump, the whale bought 5.35M ONDO for 6.26M DAI, marking its first purchase.
Whale transactions have played a significant role in the crypto industry as these transactions could either boost or tip the scales for tokens. Recently, a whale “0x655” offloaded its PEPE and BEAM holdings, after losing $14 million in losses and later bought ONDO with fresh capital.
According to a study by Spot On Chain, the whale liquidated 531.7 billion PEPE for 4.1 million DAI, absorbing a $6.9 million loss and marking a 63% drop from its entry point after just three months.
Similarly, 261.6 million BEAM was offloaded for 2.13 million DAI, which resulted in a $7.13 million loss—a 77% decline from its initial acquisition price after nearly three months. With the proceeds, the whale executed a 6.26 million DAI purchase of 5.35 million ONDO, marking its first-ever position in the asset.
PEPE and BEAM Sell-Off Locks in Heavy Losses
The whale’s PEPE entry initially saw some huge accumulations with inflows of 301.81 billion tokens, alongside 117.17 billion tokens at $0.00269 each and 68.59 million tokens in a separate purchase. However, as market conditions became worse, the whale dumped 529.08 billion coins at $0.0007710, leading to the $6.9 million realized loss.
Source: X
Further, BEAM followed an even more brutal trajectory. Accumulation peaked at 104.9 million tokens at $0.03539, which was followed by 48.38 million tokens and 31.6 million coins before the asset collapsed in price. Forced to exit, the whale sold 173.6 million tokens and 87.98 million tokens at $0.008126 and secured a $7.13 million loss. This action represented a 77% decline from its original purchase price.
Source: X
Whale Bets Big on ONDO Amid Trump’s Crypto Narrative
Following these developments, the whale redeployed 6.26 million DAI into 5.35 million ONDO, with an average entry of $1.17 per token. This tactical entry goes one way with Donald Trump’s World Liberty Financial portfolio, which had included ONDO earlier. The move also follows Trump’s announcement of a U.S. Crypto Reserve, that includes tokens like BTC, ETH, SOL, XRP, and ADA. Whether this whale acted upon a political-driven adoption or sees fundamental strength in ONDO, its move aligns with an emerging narrative that could drive price momentum.
Related: Dogecoin (DOGE) Whales Fuel Rally: Is It A Sign of Major Rally?
ONDO Sees Sharp Movement, But Is It a High-Risk Bet?
ONDO’s price action has already reflected some noticeable volatility, spiking from $0.95 to $1.25 before retracing, leaving the whale with an unrealized loss of $160,476 at the time of reporting. The most recent node list indicates further capital inflows, with a $4.27 million accumulation on March 3, 2025, followed by an additional $1.57 million position, reinforcing the whale’s strong conviction.
Source: X
As the market digests this massive rotation, all eyes remain on ONDO. Whether this bet pays off or becomes another costly mistake will depend on the much-advantaged market’s reaction to the new political and economic narrative surrounding the token.
