Ethereum Trader Loses Millions Then Buys Back In As Price Rises
Ethereum’s price went up by nearly 6% in the last 24 hours, with a lot of trading jumping in to the market again.
Trading Volume has gone up by 18% over the same period of time, according to CoinMarketCap
According to on-chain tracking platform Lookonchain, one particular trader showed what it called “peak FOMO behavior,” buying and selling ETH in a rollercoaster pattern.
This trader first bought 1,805 Ethereum (ETH) coins about six months ago. Back then, ETH was priced at $3,559, and the total cost was about $6.42 million. But the price dropped after that, and they held onto the coins for months. Then, just two weeks ago, the trader decided to sell everything.
