Whale Moves $923K in SLERF from Gate.io, Acquires 11.9M SLERF in Total

IconCryptoNewsTerminal Staff04 Jun, 2024

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Whale Moves $923K in SLERF from Gate.io, Acquires 11.9M SLERF in Total

On-chain data analytics provider Lookonchain reported that seven hours ago, a whale withdrew 2.91 million SLERF ($923K) and 2,280 SOL ($378K) from Gate.io. The whale then used a portion of the withdrawn SOL to buy 1.17 million SLERF. Since April 25th, the whale has purchased a total of 11.9 million SLERF, worth $4.09 million, at an average cost of $0.3432. The whale's current unrealized loss is approximately $266K.