Data: A certain whale has liquidated 14,387 ETH in the past 3 days, potentially losing 12.55 million USD

2024-08-08 22:14:45
Collection

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a whale has recently liquidated 14,387 ETH (worth approximately 34.48 million USD) in the past 3 days, incurring a loss of 12.55 million USD.

It is reported that the whale withdrew 14,384 ETH (approximately 47.33 million USD) from Binance at an average price of 3,290 USD between 6/22 and 8/4 and deposited it into Lido staking. Then, on 8/5, the market crashed, which may have caused him to lose confidence, and he began to redeem ETH in batches from Lido and transfer it back to Binance on the evening of 8/5. An hour ago, the last 5,000 ETH was transferred to Binance.

Withdrawing from Binance at an average price of 3,290 USD and then transferring back to Binance at an average price of 2,417 USD, this whale may have incurred a loss of 12.55 million USD (-26.5%) on this ETH investment.

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