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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 ...

A memecoin creator notorious for being involved with several controversial projects is continuing to dump his coins even after a 95% drop. New data from the blockchain tracking firm Bubblemaps is shedding light on on-chain activity of Hayden Davis, who admitted to having a role in both Libra (LIBRA), a memecoin originally backed by Argentinian President Javier Milei before he quickly disavowed it, and Melania Meme (MELANIA), a coin inspired by Melania Trump. MELANIA began a steep descent the very day it was launched in January and is now down 95.3%. Says Bubblemaps, “Hayden Davis is STILL selling MELANIA He recently sent $1 million to exchanges and extracted over $2 million from the liquidity pools… For weeks, his MELANIA wallets were inactive – until now… In total, Hayden sent $1,065,153 worth of MELANIA to centralized exchanges and extracted $2,050,666 from the liquidity pool over the last 14 days. And many wallets haven’t sold yet. Why a...

Crypto whales are accumulating tens of millions of dollars worth of one Ethereum (ETH) rival from two top exchanges, according to on-chain data. Blockchain tracking firm Lookonchain reports that three deep-pocketed investors have suddenly accumulated nearly $35 million worth of Solana (SOL) from Binance and Kraken. “Whales are accumulating SOL! AA21…VxH9 withdrew 153,511 SOL ($26.4 million) from Binance in the past six days [from October 27th] and staked it. EHax…gAUa withdrew 35,498 SOL ($6.12 million) from Binance and Kraken in the past three days [from October 27th] and staked it. EGzi…mR7g withdrew 13,000.8 SOL ($2.3 million) from Binance [on October 27th] and currently holds 95,651 SOL ($16.83 million).” Solana is trading for $180 at time of writing, up 2.63% in the last 24 hours. Next up, Lookonchain reports that new wallets have suddenly accumulated more than 13 million Neiro on ETH (NEIRO), dubbed by the project as “...