Ethereum

Compound

Coin

<ul class="news-points"> 
 <li><strong>Lookonchain shared on Twitter that BlockTower Capital sold thousands of ETH in a panic after the market crash.</strong></li> 
 <li><strong>On the other hand, some whales took advantage of the discounted ETH price to stock up.</strong></li> 
 <li><strong>ETH saw its price drop by 6+% over the past day, which left it trading hands at $1,689.91.</strong></li> 
</ul> 
<p>BlockTower Capital deposited 5k <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, worth more than $8 million, to Coinbase in a panic after the market crashed, according to a Twitter post shared by analytics platform Lookonchain.&nbsp; Meanwhile, two other whales grabbed the opportunity to buy discounted ETH and bought tokens worth more than $9 million in total.</p> 
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   <p lang="en" dir="ltr">1/ After the market crashed, BlockTower Capital panicky deposited 5K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($8.4M) to Coinbase.<a href="https://t.co/8xgOWrI1yA" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8xgOWrI1yA</a><br><br>But the other 2 whales bought a total of 5,631 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($9.5M) from the bottom.<br><br>Are you bullish or bearish? <a href="https://t.co/xmBC5yFO4Z" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xmBC5yFO4Z</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1692361030163480841?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 18, 2023</a> 
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<p>One whale deposited 3,998 ETH, valued at $6.72 million, to Compound and borrowed $5 million in stablecoins. After this, the whale bought 3,027 ETH at a price of $1,652. The other whale has become notorious for buying ETH low and selling high. Lookonchain data indica…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eths-discounted-price-draws-the-attention-of-multiple-whales/">ETH’s Discounted Price Draws the Attention Of Multiple Whales</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH’s Discounted Price Draws the Attention Of Multiple Whales

Coin Edition

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