TechFlow reports, according to on-chain analyst Yujin, that a whale deposited 4.4 million SUSHI (approximately $5.06 million) into SushiSwap for staking two and a half hours ago.
These SUSHI tokens were withdrawn by the address in increments of 200,000 from Bybit six days ago (October 27-28), at an average cost of about $0.61 per token. In the following days, the SUSHI token price began a significant rally, surging up to 113% to reach $1.30.
The whale currently holds an unrealized profit of $2.38 million (+88%) on their SUSHI holdings.
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