Cryptocurrency

Giant

According to tracking data provided by Lookonchain, Chinese cryptocurrency firm Fenbushi Capital has sold $5.14 million worth of altcoins in the past three hours, shedding significant holdings across multiple tokens.
<h2 id="chinese-company-suffers-significant-loss-in-altcoins">Chinese Company Suffers Significant Loss in Altcoins</h2>
Among the items sold are:
<ul>
 <li>136,094 EIGEN (approximately $514,000)</li>
 <li>146,537 UNI (approximately $1.13 million)</li>
 <li>10.17 million SNT (approximately $244,000)</li>
 <li>10,681 COMP (approximately $509,000)</li>
 <li>11,616 AAVE (approximately $1.9 million)</li>
 <li>344,086 SUSHI (approximately $276,000)</li>
 <li>219 ETH (about $576,000)</li>
</ul>
In addition to the volume of assets sold, Fenbushi Capital reportedly suffered significant losses on several major tokens. The firm lost $2.44 million (-90%) on SUSHI, $2.27 million (-82%) on COMP, $1.53 million (-42%) on UNI, and $499,000 (-15%) on AAVE.
Related News: <a href="https://en.bitcoinsistemi.com/is-another-50-basis-point-cut-coming-from-the-fed-bostic-made-a-statement/" target="_blank" rel="noopener noreferrer nofollow">Is Another 50 Basis Point Cut Coming From The FED? Bostic Made a Statement</a>
Meanwhile, another big whale sold 22,480 ETH (worth around $59.08 million) in the last two days. The whale initially withdrew 24,000 ETH (worth $63.07 million) from Lido and then deposited 22,480 ETH to Coinbase via multiple addresses.
The whale currently holds 7,000 ETH worth $18.37 million, suggesting additional market movements are possible.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-chinese-cryptocurrency-company-sells-7-altcoins-during-the-decline-faces-big-losses/" rel="noopener noreferrer nofollow">Giant Chinese Cryptocurrency Company Sells 7 Altcoins During the Decline – Faces Big Losses</a>

Giant Chinese Cryptocurrency Company Sells 7 Altcoins During the Decline – Faces Big Losses

Table of Contents

Bitcoin Sistemi EN

Other articles published on Oct 1, 2024

Metaplanet Purchases Another 107 BTC

SEC wins case against defunct crypto firm over $18M ICO

Cyberattacks Drive $2.1B in Losses for Digital Asset Platforms in 2024

Uptober Might Not Be Guaranteed for Bitcoin (BTC), But Top Traders Are Bullish

Hut 8 pays off $38M Anchorage Digital loan as it looks at AI expansion

A Breakthrough in Blockchain Connectivity: Explore How Qubetics Bridges Isolated Networks with WE...

Join our free newsletter for daily crypto updates!