If you are trying to be a crypto trader, then watching what “big” players or “whales” are doing is important, to say the least, since this is how you can see where those big trades are coming from.
LookOnChain just reported something interesting on X about one trader selling PEPE and BEAM at a loss.
A crypto whale just dumped their PEPE and BEAM tokens at a huge loss of over $14 million, then bought a ton of ONDO. The trader spent $9.18 million buying 261.6 billion PEPE tokens but sold them for only $2.12 million – that’s a $7.05 million loss.
They also bought 531.7 billion BEAM tokens for $11.11 million and sold them for just $4.1 million, losing another $7.01 million. After taking these hits, they used $6.26 million DAI to buy 5.35 million ONDO tokens.
This whale is clearly betting big on ONDO now, even after getting burned badly on their previous picks. It’s a pretty bold move that shows they might have strong conviction about ONDO’s potential.
A whale sold $PEPE and $BEAM at a loss of over $14M, then bought 5.35M $ONDO($6.26M)!
— Lookonchain (@lookonchain) March 3, 2025
The whale spent $9.18M to buy 261.6B $PEPE and sold for $2.12M, losing $7.05M!
The whale also spent $11.11M to buy 531.7B $BEAM and sold for $4.1M, losing another $7.01M!
Then he spent 6.26M… pic.twitter.com/TA4zBMfVUC
Currently, ONDO is up 11% today, trading around $1.12, while PEPE and BEAM have shown more modest gains of 7% and 1% respectively.
PEPE and BEAM definitely had their moments this bull run, but ONDO might be more well-positioned for a run even though it has a bigger market cap than both.
Looking at this whale’s move, they might be onto something with ONDO. The whale’s willingness to take such massive losses on PEPE and BEAM to pivot to ONDO suggests they see much higher upside potential here, despite the already larger market cap.
Read also: Trump Announces Crypto Reserve; Bitcoin, XRP, and Altcoin Prices Pump
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