Ethereum

Maker

Pepe

Optimism

NEXT GEN PEPE

<div class="dailyhodl">
 An unknown whale has sold off their altcoin positions for a massive loss after prices dipped, according to on-chain data.
 First reported by blockchain tracking service Lookonchain, one whale capitulated their positions in Ethereum (ETH) and layer-2 altcoins Optimism (OP) and Arbitrum (ARB).
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 Lookonchain says the whale, with wallet addresses beginning with 0x12199 and 0xac218, suffered losses of $8.43 million.
 “So sad!
 This whale sold all ETH, OP, and ARB at a loss of ~$8.43 million.
 Sold 6,714 ETH ($19.5 million) at $2,903 and lost $6.45 million! Sold 428,047 OP ($1.06 million) at $2.48 and lost $902,000! Sold 901,685 ARB ($882 million) at $0.98 and lost $1.08 million!”
 At time of writing, ETH is trading for $2,888, while OP and ARB are worth $2.45 and $0.962, respectively.
 Lookonchain also spotted a “smart money” whale accumulating several altcoins.
 According to the firm, one wallet beginning with 0xd876 accumulated seven figures worth of the layer-one blockchain Fantom (FTM), decentralized finance (DeFi) project Maker (MKR) and memecoin Pepe (PEPE).
 “Which altcoins is the smart money buying?
 The smart money holds $23.3 million of assets and has previously made $1.67 million trading FTM.
 He bought MKR, FTM, and PEPE recently.
 FTM
 He spent 726 ETH ($2.26 million) to buy 3.18 million FTM on May 7th.
 He bought 3.39 million FTM ($1.13 million) at $0.33 on Jan 24th and sold 3.39 million FTM ($2.8 million) at $0.83 on Mar 19th, making ~$1.67 million on FTM before.
 MKR He spent $1.25 million to buy 464 MKR at $2,697 [on May 12th] and also spent 379 ETH ($1.22 million) to buy 428 MKR at $2,846 on Apr 30th.
 PEPE He spent $558,000 to buy 70 billion PEPE on May 8th.”
 
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/whale-loses-over-8-430-000-after-capitulating-on-ethereum-and-two-additional-altcoins-on-chain-data-tbt88166.html">https://thebittimes.com/whale-loses-over-8-430-000-after-capitulating-on-ethereum-and-two-additional-altcoins-on-chain-data-tbt88166.html</a>

Whale Loses Over $8,430,000 After Capitulating on Ethereum and Two Additional Altcoins: On-Chain Data

TheBitTimes

Other articles published on May 13, 2024

Will Crypto Market Bears Continue to Dominate? Insights and Analysis

MoonPay Donates $1 Million to Coinbase-Initiated Stand With Crypto PAC

US court orders freezing of 279 crypto accounts tied to North Korea

Binance Founder CZ Hints at Writing His Own Book Amid Legal Troubles

Bitcoin, Ethereum: Two levels where a swing trade could be profitable

Gensler Devil (GENDEV) Will Rally Over 8,000% After Solana Launch, as it Looks to Challenge Shiba...

Join our free newsletter for daily crypto updates!