Whale Realizes $3.78M Profit Selling 12M BIO Tokens
In the last 24 hours, an on-chain whale transferred 12 million BIO tokens (approx. $3.78 million) to Binance. Five months earlier, the same address withdrew 15 million BIO for just $850,000. With the BIO token price rising from $0.057 to $0.315, the investor achieved a 4.5× gain. The address also pulled another 4.8 million BIO (about $1.53 million) from an unlock contract shortly before the transfer. Over the past week, BIO has surged 108%. Meanwhile, a separate whale that profited $5.16 million during the LUNA/UST crash downsized its portfolio by selling 1,363 ETH and 30 WBTC. The sale totaled $9.79 million and yielded $1.09 million in profit. That address’s prior trades had netted $7.29 million from BTC and WBTC and $4.9 million from Ethereum. Such large-scale profit taking may pressure altcoin prices in the short term. Traders should monitor on-chain flows and whale activity for market signals.
Bearish
Large-scale profit taking by selling 12 million BIO tokens and trimming ETH/WBTC holdings signals potential downward pressure. Historically, significant whale sell-offs have preceded short-term corrections—similar patterns followed major ADA and SOL transfers. Increased sell volume could drive volatility and price retracement in BIO and other altcoins. In the long term, fundamentals and market sentiment will determine recovery. Traders should watch whale movements and on-chain metrics for buying opportunities once selling subsides.