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Crypto

Ethereum Whale Sells $19M at Loss Amid Market Stress

Guavy AI Editorial Team
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ETH
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An Ethereum whale who bought ETH between 2022 and 2023 at an average price of $2,723 sold 7,323 ETH on August 8, resulting in a loss of over $19 million. This sale occurred after staking for years.

The whale's decision to sell at around $1,906 per ETH marks a capitulation after holding through two bear markets, potentially signaling a local price bottom.

This significant move highlights shifts in crypto holdings and may influence market dynamics soon.

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