The post Whale Dumps Major Cryptos Amid Market Downturn, $8.43M in Losses appeared first on Coinpedia Fintech News
In a drastic move under prevailing bearish market conditions, a cryptocurrency whale has offloaded substantial holdings in ETH, OP, and ARB, incurring a significant total loss of approximately $8.43 million.
The sales were conducted from addresses 0x12199683be663f927fcd0e7ca9b90360613fe206 and 0xac2184e6954593f9c350180300d182f7580ed561.
The Whale sold 6,714 ETH at $2,903 each, leading to a loss of $6.45 million; 428,047 OP at $2.48 each, resulting in a $902K loss; and 901,685 ARB at $0.98 each, with losses amounting to $1.08 million. This massive sell-off occurs as Bitcoin faces challenges, struggling to maintain momentum near the $60K mark.
As the whales are starting to sell, will altcoins crash?
