According to Spot On Chain monitoring, LayerX Capital and Giant Whale deposited 12.53 million MATIC ($11.33 million) to Binance and Coinbase in the past 10 hours. Specifically:
1. LayerX Capital deposited 3.62 million MATIC ($3.31 million) into Binance about 10 hours ago at an average price of $0.916.
- It still pledges 7.18 million MATIC (USD 6.38 million) in Polygon;
- Estimated total loss: USD 17.5 million (-58.1%).
2. Two whales 0x2e9 and 0xdb6 (possibly the same person) deposited 5.27 million MATIC ($4.8 million) into Binance at an average price of $0.91 about 9.5 hours ago.
- Estimated profit: US$36,100 (+0.76%);
3. The whale 0x5d7 deposited 3.64 million MATIC ($3.22 million) into Coinbase at an average price of $0.886 about 40 minutes ago.
- Projected profit: $521,000 (+19.3%).