An Ethereum whale had a bad sword. Shortly before the increase in the mass of Ethereum, he got rid of about 2,500 ethn, assuming that the price would continue to drop.
But after the sale, the price was drawn, the big investor finally decided to buy his position. The result? A much higher entry price and a millionaire loss.
Crypto-Ballena spends $ 3.8 million
An investor crypto spent $ 3.8 million to buy Ethereum. He did it at a significantly higher price than that which had sold ETH a month earlier.
According to data from the Lookonchain Blockchain Analysis Company, cryptocurrency bought 1,425 ETH at an average price of $ 2,670. This suggests that Crypto-Ballena trusts a greater increase, which she did not have before.
Sold ETH before the bigreputation
In fact, it sold 2,522 ETH for $ 3.9 million when Ethereum price was about $ 1,570. A painful retrospective decision, because it now has 1,097 eTH less and has lost many advantages.
Consequently, the investor lost around $ 2.67 million in buyout. If the investor was not sold Son Ethereum, he now had no less than $ 6.7 million in his crypto case.
“Think twice before selling your loot,” writes Lookonchain. In doing so, Lookonchain highlights the advantages that the merchant could have obtained if he had simply preserved his eth.
Ethereum increases thanks to an important update
The rise of Ethereum It was largely due to the success of the Tong update.
This update has improved the scalability of the network, the user experience of the validator and the functionality of the intelligent bag.
In addition, with its recent increase of almost 70%, it has also exceeded the market capitalization of certain large companies.
ETH’s market capitalization amounts to just over $ 308,000 million, while Coca-Cola is 303,500 million. He also beat Alibaba, who has almost the same market capitalization as Coca-Cola.
Large entries in the FNB
In addition to the reason already mentioned on the success of the sickly update, there is also a new interest in the funds of Ethereum. A report by the Coinshares asset manager of May 19 shows that investment products in American cryptocurrency attracted $ 785 million last week.
The ETH was the cryptocurrency fund which obtained better results because it attracted the price of $ 205 million in tickets last week. This represented 26% of all tickets during the period. With this, the total ETH exceeds $ 575 million so far this year.
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