- Ethereum whale liquidation amidst market volatility raised concerns about dwindling engagement.
- Despite whale disinterest, Ethereum saw a surge in non-zero addresses, indicating retail investors’ continued interest.
In the wake of a significant Bitcoin correction that reverberated through the cryptocurrency market over the past few days, causing price fluctuations across various coins, Ethereum [ETH] also experienced notable impacts.
Is your portfolio green? Check out the Ethereum Profit Calculator
Due to these factors, whales started to sell large portions of their ETH.
According to Lookonchain, a sizeable whale liquidated a 10,600 ETH valued at $17.2 million, at a price point of $1,622. This transaction incurred a loss of $2.9 million for the whale.
A whale dumped 10,600 $ETH($17.2M) at a price of $1,622 7 hrs ago, with a loss of $2.9M.
The whale traded a total of 18 tokens, and only 4 tokens were profitable, with a win rate of 22%.
He currently has a profit of $10.8M on $ETH, but lost $3.6M on $PDT and $1.3M on $MPL. pic.twitter.com/GzPl8WyHx6
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