🫡 A stubborn whale splashed $60 million buying the $ETH dip—and is now down $11.34 million!
This market really does humble everyone, even whales with tens of millions invested are now deeply underwater.
Take a look at this whale’s “the more it drops, the more I buy” strategy (address 0x4ce…ee4a7):
Since September 21, they’ve withdrawn a total of 25,498 ETH from #Binance, worth a whopping $60.74 million! Their average purchase price was $2,382.
So how did that work out? As the broader market continued its steady slide, their unrealized losses have now ballooned to an astonishing $11.342 million!
What stings even more is that they once made $3.66 million with a “buy low, sell high” trade. This time, they’ve not only given back all those profits, but also lost a substantial chunk of their original investment.
From making over $3.6 million to losing over $11 million—that’s the price of blindly buying the dip in a downtrend. How much longer do you think Ethereum will fall before this guy can break even? 👇
$ETH #ETH
This market really does humble everyone, even whales with tens of millions invested are now deeply underwater.
Take a look at this whale’s “the more it drops, the more I buy” strategy (address 0x4ce…ee4a7):
Since September 21, they’ve withdrawn a total of 25,498 ETH from #Binance, worth a whopping $60.74 million! Their average purchase price was $2,382.
So how did that work out? As the broader market continued its steady slide, their unrealized losses have now ballooned to an astonishing $11.342 million!
What stings even more is that they once made $3.66 million with a “buy low, sell high” trade. This time, they’ve not only given back all those profits, but also lost a substantial chunk of their original investment.
From making over $3.6 million to losing over $11 million—that’s the price of blindly buying the dip in a downtrend. How much longer do you think Ethereum will fall before this guy can break even? 👇
$ETH #ETH
