Ether whale dumps $41M days before the market crashed
On Aug. 18, the crypto whale deposited 22,341 ETH to the Binance exchange and withdrew around $41 million in Tether (USDT). Source: EtherscanWhile the crypto whale lost around $1.7 million in value, the trader managed to avoid further possible losses that might have gone up to more than $5 million when the market rates dropped. Ether, the second-largest crypto by market capitalization, dropped from around $1,820 per token on Aug. 17 to about $1,597 the next day.
Related Content
- Bitcoin could be one upgrade away from overtaking Ethereum DeFi
- SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US
- IBM offers guidance for successful implementation of digital euro
- Web3 Gamer: Zuckerberg’s metaverse losses, NFT game on Discord, Gods Unchained hot take
- Infinex to list top 500 crypto assets, v2 coming early 2025