According to on-chain data, unidentified whales sold their altcoin positions at huge losses after the price plummeted.
First reported by blockchain tracking service Lookonchain, a whale has abandoned its positions on Ethereum (ETH) and layer-2 altcoins Optimism (OP) and Arbitrum (ARB).
look on chain To tell Whales with wallet addresses starting with 0x12199 and 0xac218 suffered losses of $8.43 million.
“so sad!
The whale sold all of its ETH, OP, and ARB for a loss of approximately $8.43 million.
He sold 6,714 ETH ($19.5 million) for $2,903, losing $6.45 million.
Sold 428,047 OP ($1.06 million) for $2.48 for a loss of $902,000.
Sold 901,685 ARB ($882 million) at $0.98 for a loss of $1.08 million. ”
At the time of writing, ETH is trading at $2,888, with OP and ARB worth $2.45 and $0.962, respectively.
Look'n chain too spotted A “smart money” whale that accumulates some altcoins.
According to the company, one wallet starting with 0xd876 accumulated seven digits worth of layer-1 blockchain Fantom (FTM), decentralized finance (DeFi) project Maker (MKR), and meme coin Pepe (PEPE).
“Which altcoins will smart money buy?
Smart Money has assets of $23.3 million and has earned $1.67 million in FTM trading to date.
He recently purchased MKR, FTM, and PEPE.
FTM
He spent 726 ETH ($2.26 million) to purchase 3.18 million FTM on May 7th.
He bought 3.39 million FTM ($1.13 million) on January 24th for $0.33 and sold 3.39 million FTM ($2.80 million) for $0.83 on March 19th, previously selling about $1.67 million in FTM. I was earning .
MKR
He spent $1.25 million buying a 464 MKR for $2,697 [on May 12th] Also, on April 30th, he spent 379 ETH ($1.22 million) to purchase 428 MKR for $2,846.
pepe
He spent $558,000 to buy 70 billion PEPE on May 8th. ”
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me XFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
