Whale Burned $12.57 Million in ETH Transactions in 50 Days - MarketWatch
CryptoNewsTerminal Staff08 Aug, 2024
Whale Burned $12.57 Million in ETH Transactions in 50 Days - MarketWatch
Whales have lost a significant amount of money in ETH transactions over a period of around 50 days, according to data from Lookonchain. One particular whale lost $12.57 million in ETH. The whale bought 14,384 ETH on Binance starting from June 22 (local time) to August 4 at an average price of $3,291, a total of $47.34 million worth of ETH. However, after the price of ETH plummeted, the whale sold all the ETH on Binance at an average price of $2,417, resulting in a loss of $12.57 million. The whale's transactions highlight the volatility of the cryptocurrency market and the risks involved in investing in digital assets.
