According to Onchain Data, the wallet or very early investors of investors on the Layerzero (ZRO) development team have moved $3.61 million worth of Zro tokens to cryptocurrency exchange vinance.
These tokens were transferred to the cryptocurrency wallet in question about 1.5 years ago.
The wallet currently has a $4 million Zro token, worth $7.23 million. At the time of writing, Layerzero’s total market value is $195 million, so it can be said that this whale wallet holds a significant portion of its total supply.
Examining other interesting whale movements reveals that from 1.5 years of sleep the code whale woke up and bet 7,182 ETH, worth $18.08 million through Lido Finance. The whale purchased the ETH in question at Vinance in a $2,296 million stash and currently has a loss of $4.87 million from this purchase.
A whale wallet would have been able to recover some of the loss if it had previously covered these ETH.
*This is not investment advice.
