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#PPI Data Release#
Ethereum Drop Led to Loss Sales: Whale Lost 2 Million Dollars in 2 Days!
With the recent market decline, a whale investor sold 10,543 Ethereum (ETH) assets, incurring a loss of 2 million dollars in just 2 days.
The recent drop in the cryptocurrency markets continues to affect large-volume investors as well. According to data shared by the crypto analysis platform Lookonchain, a large-volume investor, referred to as a 'whale,' made the decision to liquidate all of their ETH assets within the last hour.
The investor in question executed a transaction totaling 26.1 million dollars by selling their 10,543 Ethereum at a price of 2,476 dollars each. However, this sale was quite costly for the investor due to the downward trend in the market. According to Lookonchain's analysis, this whale investor experienced a loss of approximately 2 million dollars in just 2 days.
Ethereum has pulled back from the recently risen level of 2,750 dollars to around 2,450 dollars, while Bitcoin did not experience a significant drop. However, altcoins have fallen approximately 20% from their peaks.