Smart Ethereum Whale Sells $41 Million ETH Before Market Crash: Report | Headlines | News | CoinMarketCap
08/19/2023 20:10
In the last week, CoinMarketCap reports that Ethereum (ETH) has lost 10.31% of its value marking a highly negative performance for the prominent …
In the last week, CoinMarketCap reports that Ethereum (ETH) has lost 10.31% of its value marking a highly negative performance for the prominent altcoin. However, most of this price loss was driven by a general market crash on Thursday, which saw about $1 billion wiped out from the total crypto market cap.
Interestingly, prominent on-chain analytics firm, Lookonchain reports that a particular “smart” whale was able to avoid this market turmoil by liquidating a substantial amount of ETH right before the market crashed.
Ethereum Whale Dumps 22,341 ETH Ahead Of Major Market Loss
According to a social media post on Friday by Lookonchain, a certain crypto whale sold 22,341 ETH, valued at roughly $41 million, just prior to the crypto market downturn this week. Lauding …