Table of Contents
- Two Major Whales Transfer Millions of DYDX to Binance
- Whale Profits $274,000 from DYDX in Just 2 Days
Smart Money Outflows Signal Caution for DYDX
On-chain data provider Spot On Chain has issued an alert for dYdX (DYDX), a top 100 altcoin by market capitalization. According to their analysis, DYDX ranks fourth in Smart Money outflows, indicating institutional investors are exiting positions. Let’s break down what this means for the altcoin.
Two Major Whales Transfer Millions of DYDX to Binance
Spot On Chain reports that DYDX’s placement in the "Smart Money Outflows" ranking suggests large-scale movements from crypto whales to exchanges. Key findings:
- 408 million DYDX ($13.9M) transferred to exchanges in the past 12 hours by three whales.
Amber Group-linked wallet (
0xb0d) deposited 2.37M DYDX ($8.04M) to Binance at an average entry price of **$3.39**.- Since December 1 (token unlock), this whale has moved 9.2M DYDX ($29.8M) to Binance.
- Remaining balance: 326K DYDX ($1.13M).
- CMS Holdings (VC) transferred 516K DYDX ($1.73M) to Binance, fully exiting its position.
Whale Profits $274,000 from DYDX in Just 2 Days
Another wallet (0x01a) transferred 1.2M DYDX ($4.09M) to Kraken at an average cost of **$3.41, netting a $274K profit** within 48 hours.
Market Performance
- Current Price: $3.37 (4.73% 24h increase).
- Weekly Trend: Downward pressure due to whale activity.
FAQs
Q: Why is DYDX experiencing Smart Money outflows?
A: Institutional investors may be capitalizing on recent price movements or rebalancing portfolios.
Q: How does whale activity impact DYDX’s price?
A: Large sell-offs can increase market supply, potentially driving prices down short-term.
Q: Is DYDX still a good investment despite outflows?
A: Monitor on-chain trends and project fundamentals. 👉 Learn about altcoin strategies for long-term holds.
Q: Where can I track DYDX whale transactions?
A: Use tools like Spot On Chain or Etherscan to follow large wallet movements.
Key Takeaways
- Smart Money outflows highlight shifting investor sentiment.
- Whale profits suggest strategic trading opportunities.
- Stay updated with 👉 real-time crypto analytics for informed decisions.