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A cryptocurrency whale has realized a $2 million loss, despite holding Ethereum (ETH), one of the top-performing assets over the past month. The unidentified trader offloaded 10,543 ETH worth approximately $26.1 million at an average price of $2,476 per coin, resulting in a $2 million loss in a sale executed in two days, according to the latest on-chain data retrieved by Finbold from Lookonchain on May 17.  Details of the transaction show that the ETH was sold through a series of large swaps, most of which occurred within an hour.  The trader used 1inch, a decentralized exchange aggregator, and multiple contract interactions to convert wrapped ETH (WETH) into stablecoins like USDC and USDT. ETH whale transaction. Source: Lookonchain This selloff coincided with a slight downturn in the broader cryptocurrency market, during which Ethereum also saw short-term losses.  Rather than holding through the dip, the whale opted to exit the position, despite ...

Donald Trump’s victory in the presidential elections sparked a bullish sentiment among crypto investors, looking forward to the inauguration day. However, after an impressive rally, cryptocurrencies are cooling off and raising concerns of a possible “sell the news” event. Crypto analysts have weighed in on this matter, warning of a visible market fatigue, and potential top signals. Among these analysts, Arthur Hayes believes that investors’ expectations for Trump’s administration may be misaligned to reality. “I think there exists a wide gap between crypto investor’s high expectations for how quickly Trump can change things and the reality that there are no politically acceptable solutions available to Trump to quickly bring about such change. The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th.” – Arthur Hayes on “Trump Truth” ...

Meme cryptocurrency Shiba Inu (SHIB) is witnessing a short-term price correction, but technical indicators suggest that the coin might target new highs. Specifically, SHIB’s TD Sequential indicator flashed a fresh buy signal on its daily chart, raising the possibility of the token targeting new resistance levels in the short term, according to insights shared by prominent cryptocurrency analyst Ali Martinez in an X post on December 24. The TD Sequential is used to identify trend exhaustion and potential reversals. It consists of a series of candlestick patterns, and in Shiba Inu’s case, the formation suggests that the current downtrend may be nearing its end. Picks for you AI picks 2 cryptocurrencies that will outperform others in Q1 2025 1 hour ago ...

Shiba Inu whale activity is on the rise amid a major price breakout for the dog-themed cryptocurrency. Data from IntoTheBlock indicates that 1.3 trillion SHIB was transferred in large transactions of no less than $100,000 in the past day. This is up significantly from the day before by 115%. The increase was characterized by a $10.15 million increase in the volume of whale transactions. About 73% of Shiba Inu’s holders are whales, according to data from IntoTheBlock. With such a large concentration of whales, the SHIB market often witnesses substantial transactions. Whale movements and price pumps for Shiba Inu often go hand in hand, so it’s no surprise to see whales moving around a potential price breakout for the coin. Image Source: WatcherGuru At press time, SHIB is trading at $0.00001414. However, just this morning the coin jumped over 5.62%, reaching $0.0000145, which is its highest price in a month. SHIB’s price has also increased by nearly 92% over the past year. SHIB’s ra...