Shark wallets sold $7.85 million of the USD₮0 dollar token on Optimism, a day after buying it
A day ago shark wallets were buying USD₮0 on Optimism. DeepSea's feed now shows them net sellers of almost $3 million, while OP selling kept going.
Key points
- In the 24 hours to 12:38 a.m. ET on November 5, 2026, 14 shark wallets sold $7.85 million of USD₮0 on Optimism and bought $4.88 million, DeepSea's live feed shows.
- One wallet sold $9.21 million and bought $3.86 million on Optimism in 349 trades.
- Sharks also sold $4.40 million of OP and bought $1.21 million, about $3.19 million net sold.
What DeepSea's data shows
DeepSea's live feed adds up trades by wallets it tags as sharks (large, active traders). LC Insight read it at 12:38 a.m. ET on November 5, 2026. DeepSea does not name these wallets, so neither do we.
USD₮0 is a cross-chain version of Tether's dollar token. Over 24 hours, 14 sharks sold $7.85 million of it on Optimism and bought $4.88 million in 365 trades, about $2.98 million net sold. A day earlier the picture was the reverse: at 12:35 a.m. on November 4, the 24-hour count showed $3.26 million bought and only $106,801 sold.
One wallet, 0xc34d...03bd, stands out. Across all tokens on Optimism it sold $9.21 million and bought $3.86 million in 349 trades. At 6:35 a.m. on November 4, the same wallet showed $4.35 million sold and $72,126 bought. DeepSea's wallet totals are not split by token.
Data: DeepSea (desea.io), checked November 5, 2026, 12:38 a.m. ET.
OP selling kept going
Eleven sharks sold $4.40 million of OP, the Optimism network's token, and bought $1.21 million in 138 trades. On November 4 at 6:35 a.m., the count was $3.55 million sold. Four wallets also sold $613,231 of VELO, the token of the Velodrome exchange, and bought none. WLD, Worldcoin's token, stayed the most bought token on the chain: $10.66 million bought against $6.15 million sold.
The wider week
DeepSea's USD₮0 token page gives a calmer seven-day view: whales net bought $1.41 million, $575,200 left exchanges and $268,100 went in. The page also shows a "smart money selling" signal. In the last hour of our check, sharks bought $51,619 of USD₮0 and sold $21,264.
The big seller's 30-day realized result, closed trades only, is minus $3,368 in DeepSea's table.
The numbers
Shark trades on Optimism, 24 hours to 12:38 a.m. ET, November 5, 2026.
Shark net flow on Optimism, 24 hours
US$ million
Source: DeepSea live feed, 24-hour shark aggregates, fetched November 5, 2026, 12:38 a.m. ET.
Why it matters
Selling a dollar token usually means swapping it for something else, and the feed does not show what. CoinGecko showed OP at $0.1095 at 12:55 a.m. ET, down 1.4% in 24 hours, and USDT at $0.9994.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think one very busy wallet may explain much of the USD₮0 move: it sold $9.21 million across Optimism tokens, more than the chain's whole USD₮0 sell total. DeepSea does not split its trades by token, so we cannot say how much was USD₮0.
- OP is now net sold by sharks for a second straight check, by about $3.19 million. The price has moved little so far, down 1.4% in 24 hours.
What's next
- Whether wallet 0xc34d...03bd keeps selling
- Whether shark OP selling goes past $5 million in a day
- Whether the seven-day whale flow in USD₮0 turns negative
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- DeepSea live feed, 1-hour and 24-hour shark aggregates (fetched November 5, 2026, 12:38 a.m. ET; comparison snapshots November 4, 2026, 12:35 a.m. and 6:35 a.m. ET)
- DeepSea, USD₮0 (Optimism) token page: 7-day flows and signals (fetched November 5, 2026, 12:42 a.m. ET)
- DeepSea, 30-day and 7-day realized PnL table (fetched November 5, 2026, 12:38 a.m. ET)
- CoinGecko, Optimism (OP) and Tether (USDT) prices (November 5, 2026, 12:55 a.m. ET)
