Ethereum Drop Forced Sale at a Loss: Whale Lost 2 Million Dollars in 2 Days!
With the recent market drop, a whale investor sold 10,543 Ethereum (ETH) assets, incurring a loss of 2 million dollars in just 2 days.
The recent decline 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 known as a "whale" decided to liquidate all their ETH assets within the last hour.
The investor sold their 10,543 Ethereum at a price of 2,476 dollars each, resulting in a total transaction of 26.1 million dollars. 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 its recent highs of 2,750 dollars to around 2,450 dollars, while Bitcoin did not experience a significant drop. However, altcoins have dropped approximately 20% from their peaks.
