Ethereum

<ul class="news-points">
 <li>Lookonchain revealed in an X post today that a whale made over $2 million after selling 12,048 ETH.</li>
 <li>According to the post, the whale sold his holdings to pay off debt.</li>
 <li>This ETH whale’s sale caused the altcoin’s price to drop below the key $1,945 support level.</li>
</ul>
The on-chain tracking platform Lookonchain revealed in an X post today that a whale made over $2 million on <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>. According to the post, this whale has been long on the altcoin leader, but had to sell 12,048 ETH, worth $23.4 million, to repay debt.
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 A whale who is long <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> sold 12,048 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($23.4M) just now to repay debt, making over $2M. The whale bought 12,047 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($21.3M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> on Oct 23, when the price was ~$1,768. The whale was long <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> by depositing <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> to Aave&amp;Compound and lending <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDT</a> to buy more <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>. <a href="https://t.co/6y2y6RIvVa" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6y2y6RIvVa</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1725741541346689471?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 18, 2023</a>
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This particular whale bought 12,047 ETH from Binance on 23 October 2023, when the price was around $1,768. Lookonchain revealed that the whale went long on the cryptocurrency by depositing ETH to Aave and Compound.
The whale’s sale seems to have impacted the leading altcoin’s price over the p…
The post <a href="https://coinedition.com/eth-drops-below-key-support-as-whale-sells-holdings-to-pay-debt/" rel="noopener noreferrer nofollow">ETH Drops Below Key Support as Whale Sells Holdings to Pay Debt</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

ETH Drops Below Key Support as Whale Sells Holdings to Pay Debt

Coin Edition

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