A whale has been adding to its ONDO position for over a year but remains trapped in losses, with combined unrealized losses on ONDO and LINK nearing $400,000.
on October 26, monitoring data from Arkham shows that an unnamed whale address 0xfAb is currently facing unrealized losses of nearly $400,000 on their spot positions in ONDO and LINK. The whale began buying ONDO about a year ago and has incrementally added to the position, with an average cost basis of approximately $0.55; the LINK position was opened more recently.
Additionally, the whale fully closed out their QNT position about a month ago, taking a loss of approximately $20,000. Data indicates that the whale has invested a cumulative total of around $1.5 million, while the current value of their portfolio stands at approximately $1.1 million.