Aave

Ethereum

Uniswap

Lido DAO

In this ongoing bearish market sentiment, today on July 3, 2024, the overall cryptocurrency market experienced a massive downside move. Amid this downturn, Ethereum-based altcoins including Lido DAO (LDO), Aave (AAVE), Uniswap (UNI), and many others experienced a sharp decline.&nbsp; Whale dump millions of LDO, AAVE 
However, this sharp decline was caused by the whale/institution as they deposited millions worth of LDO and AAVE and booked a loss of $3.34 million, according to the data from an on-chain analytic firm Spotonchain. In the last few hours, this whale has dumped a massive 4.44 million LDO tokens worth $7.91 million, and 49,771 AAVE tokens worth $3.34 million onto the world’s biggest cryptocurrency exchange Binance.&nbsp;
In the past 4 hours, 7 wallets deposited $12.38M worth of
According to the data, this whale accumulated these massive Ether-based altcoins in late May 2024, when the United States Securities and Exchange Commission (SEC) approved the <a href="https://news.todayq.com/expert-predicts-ethereum-etf-launch-date-report/" rel="noopener noreferrer nofollow">spot Ether ETF</a> (exchange-traded fund) form 19b-4.
Following this massive dump, LDO experienced a 13% price drop, while AAVE experienced a 7% price drop. Whereas, Ethereum (ETH) and other Ether-based tokens including UNI and ONDO experienced a price drop of 3.3%, 4%, and 4.5% respectively in the last 24 hours.
This sharp decline occurred as the US SEC postponed the launch of the spot Ether ETF from July 2, 2024, to mid-July. We may also experience a similar sell-off in the coming days if the US SEC further postpones the spot Ether ETF. Ethereum price-performance analysis&nbsp; 
Despite all these updates and price drops, ETH is currently trading near $3,300, and in the last 24 hours, it experienced a 3.5% price drop. Whereas, 24-hour trading volume surged by 26% signaling strong investors and traders participation amid price drop.&nbsp;
If we look at the performance of ETH over a longer period, in the last 7 days it lost 2% of its gain. Whereas, in the last 30 days, ETH has experienced a 13% price drop.
Apart from Ethereum and Ether-based altcoins, the overall cryptocurrency market is down by 3%. Meanwhile, top assets include Bitcoin (BTC), Solana (SOL), BNB (BNB), Dogecoin (DOGE), and Cardano (ADA) experienced a price drop of 3%, 4.5%, 3.2%, 4%, and 2% respectively in the last 24 hours.

In Panic Whale sell-off, AAVE, LDO book $3.34 million loss

Todayq News

Egyéb ezen a dátumon (2024. júl. 3.) megosztott cikkek

Pendle Price Prediction: $3 Support at Risk As Network TVL Drops 47%

Is Bitcoin Truly Magical?

Airdrop: UXLINK Unveils Eligibility Criteria For Major Crypto Rewards

Crypto exchange Kraken eyes nuclear energy for its data centers

Disappointed Sei and Arweave Investors Get Golden Ticket to Riches with Qubetics Whitelist

Yes, Bitcoin Could Be the Key to a More Sustainable and Equitable Financial System

Join our free newsletter for daily crypto updates!