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Massive Cryptocurrency Whale Sold Big During the Decline – Here are the Details

Massive Cryptocurrency Whale Sold Big During the Decline – Here are the Details

BitcoinsistemiBitcoinsistemi2024/08/28 07:51
By:Mete Demiralp

According to Onchain data, a major crypto whale appears to have sold a large amount of an altcoin.

According to information provided by crypto onchain analytics firm Lookonchain, a massive crypto whale has made a significant transaction in recent hours.

Data has revealed that a giant crypto whale sold exactly 19,000 ETH, or approximately $49.17 million.

The whale requested to withdraw 30,007 ETH worth $78.67 million, which it had staked, four days ago and withdrew 19,000 ETH of them to its wallet minutes ago.

According to the latest data, this whale moved $49.17 million worth of Ethereum to Coinbase, presumably for sale.

Related News Vitalik Buterin Reveals How Much of His Wealth He Keeps in Ethereum, Talks About ETH Foundation's Recent Sales

The transfer came at a time when the general cryptocurrency market was experiencing a small downward wave. According to the data, the ETH price saw a 5.58% decline in the last 24 hours. In liquidation data, a total of $150 million was liquidated in the general cryptocurrency market in the last 24 hours, while $51.74 million was liquidated in Ethereum.

When we evaluate it on a weekly basis, we see that the ETH price is trading at almost the same level as last week.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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