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
The probability of a Fed rate cut in September falls to 75%
Bitcoin market dominance falls to 58.23%, hitting its lowest level since January this year
200,000 ETH Withdrawn from Exchanges in the Past 48 Hours
Altcoin Season Index Drops to 46
Trending news
MoreCrypto prices
More
