Giant Altcoin Whale Couldn’t Withstand the Fall: Sold Its Altcoins at a Huge Loss

Cryptocurrency onchain data has revealed that a crypto whale suffered a huge loss in his last trade.

Ethereum Whale Suffers Huge Loss

Onchain data shared by The Data Nerd reveals that a crypto whale accumulated 2,140 ETH worth $7.13 million at an average price of $3,331 some three months ago.

The interesting point is that this whale deposited these ETHs, currently worth $4.06 million, to Binance in his transaction today and probably sold them.

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If he had sold, this crypto whale would have lost approximately $3.08 million, meaning he would have lost 43% of his investment.

At the time of writing, the Ethereum price is trading at its lowest levels in a year. The world's largest altcoin has lost 20% of its value in the last month. Unlike many other altcoins, ETH, which failed to break the all-time high price record in the last bull cycle, is currently trading at $1,816, 62% lower than its record high.

*This is not investment advice.

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