A Whale Panic Sells Low and Buys High on ETH
According to ChainCatcher, citing monitoring by lookonchain, whale address 0x3c9E consistently panic-sells ETH during market downturns, only to buy back at higher prices.
July 29 – August 3: Sold 38,582 ETH at an average price of $3,548 (approximately $136.9 million).
August 8 – August 15: Bought back 16,800 ETH at an average price of $4,424 (approximately $74.3 million).
August 16 – August 20: Sold 10,900 ETH at an average price of $4,369 (approximately $47.6 million).
In the past 20 hours: Bought back 7,500 ETH at an average price of $4,747 (approximately $35.6 million).
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