Ethereum Whale Dumped $41 Million ETH Before Crypto Market Crash: Did They Profit?
In a recent event that raised eyebrows among traders and analysts, a whale dumped $41 million worth of Ethereum just before the market crash. This sell-off came as a surprise to many, sparking debate about insider knowledge and market manipulation. Did they profit?
A large cryptocurrency whale has liquidated over $41 million worth of the second-largest cryptocurrency by market capitalization Ethereum ($ETH) shortly before the dramatic downturn. However, a particular whale shrewdly sold its assets right before the crash and shielded itself… or did they?
Lookonchain Analysis Reveals Ethereum Whale's Actions
An in-depth analysis conducted by data analytics Lookonchain unveiled the actions of the Ethereum whale who swiftly offloaded 22,241 ETH, valued at a staggering $41 million. A recent analysis by Lookonchain revealed that the whale dumped 22,241 ETH worth $41 million before the flash crash.
According to a social media post on Friday by Lookonchain, a certain crypto whale sold 22,341 ETH, valued at roughly $41 million, just prior to the crypto market downturn this week.
The $41 Million Ethereum Dump: A Closer Look
A crypto whale holding massive amounts of Ether ETH $1,679 sold $41 million worth of the asset a few days before the market crashed, avoiding a potential $5-million loss. A recent analysis by Lookonchain revealed that the whale dumped 22,241 ETH. The sale was not profitable. He lost $1.7 million. Lauding...