A whale sold 11,620 ETH in the past 6 hours to repay loans and avoid liquidation
A whale/institution sold 36,000 ETH (worth $104 million) and exchanged it for USDT to repay loans and avoid liquidation on July 5th. Today, ETH has dropped by 8%, and this whale/institution has sold another 11,620 ETH (worth $36.77 million) and exchanged it for USDT to repay loans in the past 6 hours.
This whale/institution currently only holds 17,943 ETH, while they held 78,714 ETH before June 25th. In other words, they have sold as many as 60,771 ETH in the past month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Prediction Market Shows 75% Chance of New Country Buying Bitcoin This Year
Frax community approves frxUSD stablecoin backed by BlackRock's BUIDL
According to RWA.xyz, BlackRock's USD Institutional Digital Liquidity Fund has over $648 million in assets under management. The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. A
Trending news
MoreCrypto prices
More
