Crypto NewsAltcoinGiant Cryptocurrency Whale Made the Wrong Move: Suffers $5 Million Loss

Giant Cryptocurrency Whale Made the Wrong Move: Suffers $5 Million Loss

A major cryptocurrency whale seems to have suffered a huge loss after being found on the wrong side of his latest transaction.

Follow Bitcoin Sistemi Google News Button

An incident occurred in the cryptocurrency market that showed that whales do not always make very logical moves.

A large Ethereum whale recently had to add another 4,274 ETH to his open position on Binance to avoid being liquidated. This amount corresponds to 6.85 million dollars at the time of writing this article.

The whale in question purchased 4,892 ETH in 2022 for a total of 13.84 million dollars at a price of approximately $ 2,830. It is estimated that the losses suffered by the whale in its position are around 5.24 million dollars in total.

At the time of writing this article, ETH price is trading at $1,606.

Related News  What is the Secret of Solana's (SOL) Rise in the Last Week: Analysts Explained

The same whale panicked during the temporary loss of the stETH/ETH constant and sold 3,705 stETH for 3,536 ETH, unnecessarily losing 169 ETH.

In addition, another Ethereum whale woke up from its long sleep. The whale, who bought 2,000 ETH by paying $620 at the ICO event where ETH was distributed to users for the first time, woke up after 8.2 years and moved all his coins to 4 different wallets. Balina bought these coins at a price of $0.31.

*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