Whale Sells Tokens Amidst $25.44M Unrealized Loss

Whale Sells Tokens Amidst $25.44M Unrealized Loss

A whale deposited 2 million OM tokens into Binance as of May 4, 2025, facing an unrealized loss of $25.44 million.

A whale incurring a $25.44 million loss signifies substantial implications for Mantra’s market stance, triggering analyst discussions and potential investor strategies.

The whale initially accumulated 2.9 million OM tokens at an average price of $6.45, equating to an investment of about $18.7 million. This significant market move underscores potential selling pressure on the exchange.

“Last month, this whale 0x5AC accumulated 2.9M $OM for $18.7M (avg entry ~$6.45). 2 days ago, he deposited 1.724M $OM (~$1M) into #Binance. If sold all, he will have realized loss ~$10.11M (ROI -91%). Just now, he still owns 1.173M $OM (~$595k) with unrealized loss ~$6.97M…” — The Data Nerd, On-Chain Analyst.

CEO John Patrick Mullin of Mantra concurrently announced a major token burn initiative, aiming to reduce supply and boost token value . This action follows the whale depositing 2 million OM tokens into the Binance exchange.

The immediate aftermath saw the OM token’s price remain volatile with a trading price around $0.54, impacting investor sentiment. Observers note the sell-off potential as the whale navigates this financial situation.

Financially speaking, the whale’s unrealized loss became apparent due to the token’s price drop, sparking broader discussions about market expectations. Market dynamics around OM reflect a diversity of viewpoints on its mid-term potential.

Analysis and Future Projections

Analysts point to potential price recovery opportunities following the burn initiation, noting historical trends of supply reduction. This may herald a renewed focus on price stabilization through strategic supply adjustments by the project’s leadership.