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News

Crypto Whale Dumps 18,000 ETH: Market Shockwaves and Price Plunge!

September 1, 2023 - Around 2 mins mins to read

Key Points:

  • Giant Whale sells 18,000 ETH, incurring a $2.74 million loss.
  • Average selling price per ETH: $1,644.
According to monitoring by Ember, the whale initially sold 18,000 ETH earlier today.
Crypto Whale Dumps 18,000 ETH: Market Shockwaves and Price Plunge!

However, in the past hour, they followed up with another 6,000 ETH sale, amounting to approximately $9.82 million in value.

The total of 18,000 ETH sold by this giant whale in a single day represents a staggering $29.6 million worth of cryptocurrency. What’s more, the average selling price for these transactions was $1,644 per ETH, shedding light on the potential motives behind this sizable sell-off.

While the whale’s actions have garnered attention, the move has not come without consequences. The sale of 18,000 ETH at an average price of $1,644 has resulted in a loss of approximately $2.74 million for the investor. This has left many in the crypto community speculating about the reasons behind such a costly move.

Crypto Whale Dumps 18,000 ETH: Market Shockwaves and Price Plunge!

The giant whale still holds 4,000 ETH within their wallet. This remaining stake in Ethereum could hint at their ongoing interest in the cryptocurrency, and it raises questions about whether further transactions are on the horizon.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Crypto whale

Market Shockwaves

Price Plunge

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Crypto Whale Dumps 18,000 ETH: Market Shockwaves and Price Plunge!

Key Points:

  • Giant Whale sells 18,000 ETH, incurring a $2.74 million loss.
  • Average selling price per ETH: $1,644.
According to monitoring by Ember, the whale initially sold 18,000 ETH earlier today.
Crypto Whale Dumps 18,000 ETH: Market Shockwaves and Price Plunge!

However, in the past hour, they followed up with another 6,000 ETH sale, amounting to approximately $9.82 million in value.

The total of 18,000 ETH sold by this giant whale in a single day represents a staggering $29.6 million worth of cryptocurrency. What’s more, the average selling price for these transactions was $1,644 per ETH, shedding light on the potential motives behind this sizable sell-off.

While the whale’s actions have garnered attention, the move has not come without consequences. The sale of 18,000 ETH at an average price of $1,644 has resulted in a loss of approximately $2.74 million for the investor. This has left many in the crypto community speculating about the reasons behind such a costly move.

Crypto Whale Dumps 18,000 ETH: Market Shockwaves and Price Plunge!

The giant whale still holds 4,000 ETH within their wallet. This remaining stake in Ethereum could hint at their ongoing interest in the cryptocurrency, and it raises questions about whether further transactions are on the horizon.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.