Market volatility strikes, even whales can't escape a disaster
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Whales urgently sell ETH, suffering a floating loss of 2 million dollars in two days
The volatility of the cryptocurrency market has always been one of its most notable characteristics, and the recent market decline has once again made investors feel the power of this drastic fluctuation. According to monitoring by Lookonchain, a certain whale address liquidated 10,543 ETH at an average price of $2,476 within the past hour, with a total value of about 26.1 million dollars. However, due to the impact of the market decline, this whale has suffered a floating loss of 2 million dollars in just two days. This event reminds us once again that even whales with large amounts of capital and resources are not always able to accurately grasp the timing in the face of the cryptocurrency market.