A major whale in the $SPX market has cashed out after achieving a 42x return on investment.
The whale initially spent $153,000 to purchase 7.793 million $SPX tokens between July 31 and August 15, 2023.
The recent price surge allowed the whale to cash out $6.44 million, selling 793,092 $SPX tokens for 280.5 ETH (valued at $687,000) while retaining 7 million $SPX tokens (worth an estimated $5.91 million).
$SPX has experienced explosive growth, rising 100x within 30 days, with its holder base expanding from 6,500 to over 15,000 in just two weeks.