Anonymous Whale Redeems Over 2 Million APEs from Pledge Contracts and Transfers to Exchanges
The anonymous whale redeemed 2,015,332 APE (about $4.45 million) from the pledge contract via two addresses and transferred them to the exchange, as monitored by on-chain data analyst Yu Ashes, who raised 1,685,052 APE (about $9 million) from the exchange to two addresses for pledge in mid-February at a likely average cost of $5.34.
At the time of writing, APE was provisionally quoted at $2.30. Without the hedge, the whale would have lost about 50% ($4.55 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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