🤕 Adding insult to injury! An ancient ICO whale dumps 16,700 $ETH in a single transaction!
The market is already in rough shape, and an ancient whale is still kicking us while we're down!
According to on-chain data, an ancient whale who bought 38,800 $ETH during the 2015 ICO at the rock-bottom price of $0.31 has just sold 16,700 ETH in a single transaction (worth over $32.3 million)!
The most mind-boggling part is the timing:
On September 21, they bought 8,630 ETH at an average price of $2,742. But today, they chose to cut their losses and sell at $1,934. Buying high and selling low cost them a whopping $6.97 million!
Of course, since their ICO cost was only $0.31, that $6.97 million is just a tiny dent in their profits. But for the market right now, more than $32 million in selling pressure is truly devastating.
Even ancient whales are cutting their losses—the market is really driving everyone crazy. How low do you think Ethereum will go? 👇
$ETH #ETH
The market is already in rough shape, and an ancient whale is still kicking us while we're down!
According to on-chain data, an ancient whale who bought 38,800 $ETH during the 2015 ICO at the rock-bottom price of $0.31 has just sold 16,700 ETH in a single transaction (worth over $32.3 million)!
The most mind-boggling part is the timing:
On September 21, they bought 8,630 ETH at an average price of $2,742. But today, they chose to cut their losses and sell at $1,934. Buying high and selling low cost them a whopping $6.97 million!
Of course, since their ICO cost was only $0.31, that $6.97 million is just a tiny dent in their profits. But for the market right now, more than $32 million in selling pressure is truly devastating.
Even ancient whales are cutting their losses—the market is really driving everyone crazy. How low do you think Ethereum will go? 👇
$ETH #ETH
