The ongoing conflict between ApeTerminal and MacnBTC has led to a significant drop in SAVM price, exceeding 30%. Despite the decline, two whales exhibited intriguing actions by opting to acquire more SAVM, incurring substantial losses. The market dynamics following the price drop revealed these whales’ strategic transactions.
Whale 0xe939 spent 200,000 USDT on 24,940 SAVM at $8.02 each, two hours before the analysis, accumulating a total of 118,187 SAVM at an average price of $12.27 and facing a 43% loss, approximately $617,000. Whale 0x0c00’s transactions included purchasing 7,543 SAVM at $663 each for 50,000 USDT, accumulating 193,676 SAVM at an average of $10.84, with a 34% loss, roughly amounting to $716,000.
Despite the negative market conditions caused by the ApeTerminal and MacnBTC dispute, whales 0xe939 and 0x0c00 chose to increase their SAVM holdings. However, their strategic purchases resulted in significant losses at current price levels.
These transactions shed light on the risk tolerance and confidence levels of these whales, highlighting the unpredictability of market dynamics and the challenges even experienced investors face in mitigating risks during turbulent times.
The SAVM price drop triggered by the ApeTerminal and MacnBTC conflict led to strategic responses from whales 0xe939 and 0x0c00. Despite their increased holdings, the ongoing losses underscore the complex nature of the crypto markets.