{"id":57755,"date":"2023-08-25T05:22:41","date_gmt":"2023-08-25T09:22:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=57755"},"modified":"2023-08-25T05:22:43","modified_gmt":"2023-08-25T09:22:43","slug":"3-6m-sand-whale-deposit-grows-to-1-16m-in-16-hours","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/3-6m-sand-whale-deposit-grows-to-1-16m-in-16-hours\/","title":{"rendered":"3.6M SAND Whale Deposit Grows to $1.16M in 16 Hours"},"content":{"rendered":"\n

A whale address with the unique prefix 0x53e has deposited 3.6 million SAND tokens into Binance<\/a>.<\/p>\n\n\n\n

\n
\"3.6M<\/figure>\n<\/figure>\n\n\n\n

Sixteen hours ago, this historic transaction, estimated at around $1.16 million, took place.<\/p>\n\n\n\n

The whale address, renowned for its substantial crypto transactions\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, has built a reputation for causing market fluctuations. This recent deposit contributes to its intriguing history. <\/p>\n\n\n\n
\"3.6M<\/figure>\n\n\n\n

Notably, this address typically does not hold onto its SAND holdings for extended periods. Recently, it executed a deposit of 34 million SAND tokens on a well-known CEX platform, averaging $0.841 per token.<\/p>\n\n\n\n

Despite its prior large deposit, the address still maintains a significant balance of approximately $1.15 million, consisting of 3.6 million SAND tokens. <\/p>\n\n\n\n

\n

\ud83d\udea8 Whale 0x53e (probably $SAND<\/use><\/svg><\/span><\/a> investor) deposited 3.6M $SAND<\/use><\/svg><\/span><\/a> to #Binance<\/use><\/svg><\/span><\/a> at $0.323 ($1.16M) 16hrs ago.

Notably, the whale tends not to hold the vested $SAND<\/use><\/svg><\/span><\/a> for long:
– has deposited 34M $SAND<\/use><\/svg><\/span><\/a> (90% of the vested tokens) to CEX at $0.841 on avg
– still holds 3.6M ($1.15M)

\ud83d\udc49\u2026 pic.twitter.com\/ijXFnT0Ifx<\/use><\/svg><\/span><\/a><\/p>— Spot On Chain (@spotonchain) August 25, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

This strategic move by the Whale address showcases its influence in the cryptocurrency sphere and raises questions about its trading strategies<\/a> and objectives.<\/p>\n\n\n\n

The actions of prominent players, like the 0x53e-addressed whale, illuminate the dynamics within the digital asset world as the crypto landscape continues to evolve and captivate. <\/p>\n\n\n\n

Currently, all eyes are fixed on the choices and maneuvers of this notable cryptocurrency entity, eagerly anticipating insights into the market signals it generates.<\/p>\n","protected":false},"excerpt":{"rendered":"

A whale address with the unique prefix 0x53e has deposited 3.6 million SAND tokens into Binance. Sixteen hours ago, this historic transaction, estimated at around $1.16 million, took place. The whale address, renowned for its substantial crypto transactions , has built a reputation for causing market fluctuations. This recent deposit contributes to its intriguing history. […]<\/p>\n","protected":false},"author":56,"featured_media":57764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,834,26,71],"tags":[],"class_list":["post-57755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-binance","category-cryptocurrencies","category-markets"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/shutterstock_455668348.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=57755"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/57755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/57764"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=57755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=57755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=57755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}