<ul>
 <li>A whale that has been inactive for over 700 days deposited 1.2 million DYDX to Kraken today.</li>
 <li>At press time, DYDX was trading at $4.02 after its price slipped by 1.42% in the past 24 hours.</li>
 <li>A symmetrical triangle on DYDX’s 4-hour chart suggests that the token’s price may break out in the next 24-48 hours.</li>
</ul>
A <a href="https://coinedition.com/tag/dydx-dydx/" rel="noopener noreferrer nofollow">dYdX (DYDX)</a> whale has awoken from its 730-day slumber and deposited a substantial amount of DYDX tokens on Kraken. Lookonchain, the on-chain tracking platform, revealed in an X post today that this dormant whale sent 1.2 million DYDX, worth $4.97 million, to Kraken over the last 12 hours.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet">
 A wallet that has been dormant for 730 days deposited 1.2M <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DYDX</a>($4.97M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Kraken</a> 5 hours ago, and currently has 2.8M <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DYDX</a>($11.6M) left. The wallet received 4M <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DYDX</a> ($16.5M) from the <a href="https://twitter.com/hashtag/dYdX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#dYdX</a> Foundation Wallet in 2021.<a href="https://t.co/IMg4VQu2Ga" target="_blank" rel="noopener noreferrer nofollow">https://t.co/IMg4VQu2Ga</a> <a href="https://t.co/IP35i9Mrki" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/IP35i9Mrki</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1724992317264965970?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 16, 2023</a>
 </blockquote>
 </div>
</figure>
As reported, the whale still holds 2.8 million DYDX, valued at $11.6 million, following the recent deposit made to Kraken. The post also shared that this specific whale received 4 million DYDX, estimated to be worth $16.5 million, from the dYdX Foundation…
The post <a href="https://coinedition.com/dormant-dydx-whale-awakens-deposits-1-2m-tokens-to-kraken/" rel="noopener noreferrer nofollow">Dormant DYDX Whale Awakens, Deposits 1.2M Tokens to Kraken</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Dormant DYDX Whale Awakens, Deposits 1.2M Tokens to Kraken

Coin Edition

Other articles published on Nov 16, 2023

Join our free newsletter for daily crypto updates!