{"id":26307,"date":"2024-08-09T21:00:37","date_gmt":"2024-08-09T18:00:37","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26307"},"modified":"2024-08-09T18:30:30","modified_gmt":"2024-08-09T15:30:30","slug":"panic-selling-whale-suffers-12-million-loss-in-crypto-market-crash","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/panic-selling-whale-suffers-12-million-loss-in-crypto-market-crash\/","title":{"rendered":"Panic-Selling Whale Suffers $12 Million Loss in Crypto Market Crash"},"content":{"rendered":"

A significant cryptocurrency whale has experienced a substantial $12 million loss after panic selling their Ethereum holdings at the bottom of the recent market crash. According to on-chain data from Lookonchain<\/a>, the whale had been accumulating Ethereum prior to the downturn but sold it all at a much lower price.<\/p>\n

Between June 22nd and August 4th, the whale had accumulated approximately 14,384 Ethereum, worth around $47.34 million at an average price of $3,291. Notably, only one of their six purchases was made when Ethereum was trading below $3,000.<\/p>\n

However, following the significant market crash over the weekend and into the current week, the whale panicked and sold their entire Ethereum holdings on Binance for $2,417, resulting in a loss of $12.57 million.<\/p>\n

At the time of writing, the cryptocurrency market has shown some signs of recovery. Ethereum is currently trading at $2,571, while Bitcoin has rebounded from a low of around $49,000 to its current price of approximately $59,500.<\/p>\n

\n
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Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A significant cryptocurrency whale has experienced a substantial $12 million loss after panic selling their Ethereum holdings at the bottom of the recent market crash. According to on-chain data from Lookonchain, the whale had been accumulating Ethereum prior to the downturn but sold it all at a much lower price. Between June 22nd and August<\/p>\n","protected":false},"author":1,"featured_media":24397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,393,105,2245],"class_list":["post-26307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-crypto","tag-ethereum","tag-lookonchain"],"yoast_head":"\nPanic-Selling Whale Suffers $12 Million Loss in Crypto Market Crash - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/panic-selling-whale-suffers-12-million-loss-in-crypto-market-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panic-Selling Whale Suffers $12 Million Loss in Crypto Market Crash - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"A significant cryptocurrency whale has experienced a substantial $12 million loss after panic selling their Ethereum holdings at the bottom of the recent market crash. 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