In a monumental move in the world of cryptocurrency, a whale investor has switched their major bets, completely divesting from two major tokens, $PEPE and $BEAM, and in their place, investing those funds into a relatively new asset, $ONDO.
This investor, identified only by the wallet address “0x655,” has in the last 17 hours executed a series of transactions that has amounted to a half-million dollar divestment from $BEAM into a half-million dollar buy of $ONDO. Why might this whale be making such a move? One clue may come from the apparent recent interest in $ONDO from the crypto community.
The Whale’s Move: Massive Losses and a New Bet on $ONDO
In a sequence of trades that may indicate a major shift in investment approach, whale “0x655” offloaded large portions of $PEPE and $BEAM tokens, both of which have lately been having a tough time in the market.
The whale first liquidated a massive 531.7 billion $PEPE tokens for a paltry 4.1 million $DAI, realizing a loss of $6.9 million—that’s a 63% drop in value after just three months of holding. Next, the broader meme coin market and $PEPE specifically have faced serious volatility and big sell-offs. Despite its early success, $PEPE has struggled to maintain momentum and seems set to join the dustbin of past failed meme coins. A big whale has big problems.
Following that, the whale unloaded 261.6 million $BEAM tokens for 2.13 million $DAI, taking an even larger loss of $7.13 million. The loss here is more pronounced (77%) after holding $BEAM for nearly three months. While $BEAM is a lesser-known token, its significant price drop made it an unfavorable holding for the whale.
After having cleared up the two big positions, the whale moved on to a new investment. It spent 6.26 million $DAI to buy 5.35 million $ONDO, marking its entry into the market with this token for the first time. This is not your usual token purchase. It signals that the whale sees potential in $ONDO, despite its having taken two previous hits with $PEPE and $BEAM.
What’s Behind the $ONDO Purchase? The Trump Connection
While the whale’s shift to $ONDO may seem like just another speculative move, there’s an interesting twist: $ONDO is part of former President Donald Trump’s World Liberty Financial portfolio. This is a significant development, as it links $ONDO to the growing presence of high-profile figures in the cryptocurrency space. Recently, Trump made headlines with the announcement of the US Crypto Reserve, which includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA). The inclusion of these high-profile assets has sparked discussions about what other cryptocurrencies might be considered valuable enough to join the reserve in the future.
A whale ditched all of its $PEPE and $BEAM at a $14M loss for $ONDO —shifting its bets!
Over the past 17 hours, whale "0x655":
• Sold 531.7B $PEPE for 4.1M $DAI, taking a $6.9M loss (-63%) after just 3 months.
• Sold 261.6M $BEAM for 2.13M $DAI, losing $7.13M (-77%) after… pic.twitter.com/dUQxjscCmZ
— Spot On Chain (@spotonchain) March 3, 2025
Some investors and analysts influence of Trump’s crypto-related endeavors are now speculating that $ONDO could be next on the list of cryptocurrencies that are actually valuable to be included in the reserve. After a significant loss on $PEPE and $BEAM, the whale’s decision to enter $ONDO now can’t help but make us think it sees potential in the token being part of a larger institutional and governmental push. If $ONDO were to be added to the US Crypto Reserve, its value could very well skyrocket.
The timing of the whale’s move is certainly curious. While the broader cryptocurrency market fluctuates, certain tokens—especially those associated with high-profile figures—can experience sharp price movements when adoption by institutional or governmental bodies is rumored or announced. The whale’s decision to bet on $ONDO, while taking big hits on $PEPE and $BEAM, suggests that it’s looking beyond the short-term. If these losses are even real, the whale is, for now, a long-term bull on $ONDO.
Speculation and Strategy: What’s Next for $ONDO?
The future of $ONDO is uncertain at this point. The whale’s investment could be driven by the belief that soon $ONDO might be included in the US Crypto Reserve. Yet, there is no specific reason to believe that this is a done deal. More likely, as attention increases on $ONDO, the token will continue to catch the fancy of retail and institutional investors.
The choice to move from $PEPE and $BEAM to $ONDO may also mirror larger market trends, with investors diversifying into tokens backed by institutions or the prospect of future integration into big finance. If $ONDO continues to gain traction and if its relationship to Trump’s World Liberty Financial portfolio grows, we could see significant interest in it. And that interest could push the price up.
Finally, the gigantic sea mammal appears to have undergone an investment makeover, transitioning from stake-holding in $PEPE and $BEAM to a significant investment in $ONDO. Most clear, the market whale’s switcheroo could signal shifting sentiment toward $ONDO. Whether or not $ONDO follows in the footsteps of major reserve-digital-assets-like $BTC, $ETH, and $XRP, which the US government has classified as safe to store for its national cryptocurrency reserve, is anyone’s guess.
Disclosure: This is not trading or investment advice. Always do your research before investing in any stocks.
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