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Profiting Crypto Whale Turns Loser After $15.7 Million Ethereum Trade Loss
The post Profiting Crypto Whale Turns Loser After $15.7 Million Ethereum Trade Loss appeared on BitcoinEthereumNews.com. Crypto market volatility is known to every single investor. At one point, the market might be booming, but the next, it might crash. The same is happening today, as the crypto market is down by more than 6%, and the global market cap has declined to $2.06 Trillion. However, there is a better example of market manipulation as a crypto whale, known for profiting trades, lost $15.7 million in the Ethereum trade, making him a loser from the conqueror. Crypto Whale Lost $15.7 Million Despite Profitable History Spot on Chain, a popular crypto analytic platform, has brought everyone’s attention to a crypto whale that made millions in profits at a point but failed to maintain those gains mainly because of one wrong trade. As per the Spot On Chain X post, a whale account, “0x75ba13d7d2e0b7fc0b3e2b2038209fcc778bc62f” deposited 8,825 ETH, worth around $24.1M with a heavy loss on one of the most popular crypto exchanges. Market turbulence also hit smart traders hard! 11 hours ago, a whale deposited 8,825 $ETH ($24.1M) to #Binance, leaving behind 10,619 $ETH ($28.5M) with an est. total loss of $15.7M (-23%) from the ongoing 3rd $ETH trade. This whale previously excelled, earning ~$38M (+26.7%)… https://t.co/QOjHO7b0Qx pic.twitter.com/uPGTPDSJVO — Spot On Chain (@spotonchain) August 27, 2024 The crypto whale has earlier withdrawn 19,436 ETH ($68.21M) from Binance on an average Ethereum price of $3,509. To do so, the trader used two crypto wallets to make this withdrawal between May 29 and August 3, 2024. Later on, May 26, the whale deposited 8,825 ETH ($24.09M) back to Binance at an average value of $2,729. By selling at this price, the trader took a big risk, losing a significant amount in this trade. However, this does not end here, as the whale failed to analyze the situation. He kept 10,619 ETH…
The post Profiting Crypto Whale Turns Loser After $15.7 Million Ethereum Trade Loss appeared on BitcoinEthereumNews.com.
Crypto market volatility is known to every single investor. At one point, the market might be booming, but the next, it might crash. The same is happening today, as the crypto market is down by more than 6%, and the global market cap has declined to $2.06 Trillion. However, there is a better example of market manipulation as a crypto whale, known for profiting trades, lost $15.7 million in the Ethereum trade, making him a loser from the conqueror. Crypto Whale Lost $15.7 Million Despite Profitable History Spot on Chain, a popular crypto analytic platform, has brought everyone’s attention to a crypto whale that made millions in profits at a point but failed to maintain those gains mainly because of one wrong trade. As per the Spot On Chain X post, a whale account, “0x75ba13d7d2e0b7fc0b3e2b2038209fcc778bc62f” deposited 8,825 ETH, worth around $24.1M with a heavy loss on one of the most popular crypto exchanges. Market turbulence also hit smart traders hard! 11 hours ago, a whale deposited 8,825 $ETH ($24.1M) to #Binance, leaving behind 10,619 $ETH ($28.5M) with an est. total loss of $15.7M (-23%) from the ongoing 3rd $ETH trade. This whale previously excelled, earning ~$38M (+26.7%)… https://t.co/QOjHO7b0Qx pic.twitter.com/uPGTPDSJVO — Spot On Chain (@spotonchain) August 27, 2024 The crypto whale has earlier withdrawn 19,436 ETH ($68.21M) from Binance on an average Ethereum price of $3,509. To do so, the trader used two crypto wallets to make this withdrawal between May 29 and August 3, 2024. Later on, May 26, the whale deposited 8,825 ETH ($24.09M) back to Binance at an average value of $2,729. By selling at this price, the trader took a big risk, losing a significant amount in this trade. However, this does not end here, as the whale failed to analyze the situation. He kept 10,619 ETH…
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