Crypto NewsAltcoinDiscouraged Whale Sells This Altcoin Massively at a Loss

Discouraged Whale Sells This Altcoin Massively at a Loss

A major cryptocurrency whale sold at a loss from his long-held altcoin and sold his tokens for ETH and USDT.

Follow Bitcoin Sistemi Google News Button

A well-known whale known as 0x9ed has reportedly sold a significant amount of Chainlink (LINK) tokens. Whale disposed of 155,264 LINK, equivalent to $2.24 million, for Ethereum (ETH) and Tether (USDT) at a loss in the last three hours.

Whale had previously made a profit of $836,000 from his first transaction between October 28 and November 9, 2023. However, the current transaction resulted in a loss of $697,000. Despite this, the whale still continues to hold a significant amount of LINK in its address, with 309,000 tokens ($4.4 million). According to Lookonchain platform analysts, it is estimated that the whale may continue to sell more LINK on the Aave platform.

Related News  Lucky Crypto Whale Turns $1,000 into $100,000 with a Random Memecoin

On the other hand, both FTX and Celsius Network transferred ETH again today.

Celsius Network deposited 7,500 ETH ($17.4 million) into FalconX about eight hours ago. Thus, the total amount deposited in the last seven days reached 25,000 ETH ($57 million).

Meanwhile, FTX moved 1,593 ETH ($3.66 million) to the 0xCeF address hours ago. The 0xCeF address currently holds 2,244 ETH ($5.16 million) and may soon deposit ETH to Coinbase, according to analysts.

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week