Even the Smartest Slip: ETH Whale’s Hot Streak Cools Off with $105K Loss

After riding a wave of well-timed $ETH trades this month, a sharp whale known for buying low and selling high has finally hit a bump.

Twelve hours ago, the wallet 0x24892cFAab12D98B23ffa00bcaca4999C7187976, which had earned a solid $1.237 million in May trading ETH, closed a 2,559 #ETH long (worth $6.76 million) that was opened at $2,635 on May 22 — but this time, the market turned against him. He walked away with a $105,000 loss.

Even with the setback, the trader remains up $1.132 million for the month. But this latest move shows that even seasoned whales can get caught on the wrong side of volatility.