A Major Whale Panic Sells 38,600 ETH and Then Buys Back at a Higher Price, Worth Approximately $137 Million
According to a report by Jinse Finance, Lookonchain monitoring shows that a certain whale address (0x3c9E) panic-sold 38,582 ETH (worth $136.89 million) a week ago when the price of ETH dropped, at an average price of $3,548. As the price of ETH rebounded to $4,010, this address bought back 1,800 ETH for $72,200, with the average purchase price about 13% higher than the previous selling price.
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.
You may also like
British Pound holds gains as UK GDP and Industrial Production beat expectations
South Korea holds emergency meeting to rescue the market: excessive stock market declines may trigger contingency plan if necessary
South Korea’s financial regulatory authorities held an emergency meeting on the stock market and issued an official statement, calling for proactive measures to ensure market stability and protect investors. The statement urges financial institutions to avoid excessive credit extension and to strengthen investor protection and risk management. It emphasized that disruptive market behaviors will be dealt with strictly, and that emergency response plans will be activated if necessary.
BoJ Koeda: Need to adjust monetary policy appropriately in light of upside price risks
Crypto prices
More
