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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 ...

Blockchain intelligence platform Lookonchain is highlighting a trader who has profited handsomely from trading in Fartcoin (FARTCOIN), a memecoin built in the Solana (SOL) ecosystem. According to Lookonchain, the unidentified trader is once again going long on the crypto asset and has purchased 488,000 Fartcoin at a total price of $563,000. The trader had previously booked millions of dollars in profits on a Fartcoin position he had invested in earlier when the memecoin was still a micro-cap. “This trader first aped into Fartcoin when its market cap was $32 million, making $4.9 million by buying low and selling high.” Source: Lookonchain/X Source: Lookonchain/X Fartcoin is trading at $1.15 at time of writing, up by around 178% over the past month, but around 54% below the all-time high reached in January. The Solana-based memecoin currently has a market cap of a little over $1.15 billion. The blockchain intelligence platform is also highlighting an...

Through growing geopolitical tensions, there is no shortage of reasons to be concerned in the financial sector. Yet, that concern may already be spreading to the cryptocurrency market, as tokens have failed to gain notable ground. However, one interesting development has seen a Shiba Inu whale move $53 million in SHIB amid a price reversal; but why? The token has just announced a monumental partnership with the United Arab Emirates (UAE) ministry of energy. Not only that, but the asset has finally reversed an ongoing downtrend that saw the asset fall to $0.000015. The questions are, can it truly institute a reversal, and is there a reason why one large holder moved 3 trillion SHIB tokens? Source: CNBC Also Read: Shiba Inu: What Is SHIB’s Price If Its Market Cap Equaled XRP’s? Shiba Inu Whale Offloads $53M in SHIB as Price Reverses 22% Decline To this point, February has already proved to be an interesting month for Shiba Inu. The toke unveiled a massive partnership with the UAE governm...

The Dogecoin (DOGE) network has constantly making headlines for its impeccable growth over the past couple of days. Amidst this, investors several investors were glad that the meme coin saw some momentum in its network. A few others, however, realized Dogecoin’s potential for further growth and decided to make massive purchases. Also Read: XRP’s Rare Pattern: Top Trader Predicts $1 After 17% Surge Did This Dogecoin Whale Dive Too Soon? The blockchain tracking tool Whale Alert, which monitors significant cryptocurrency transactions, discovered a Dogecoin transaction from Robinhood, a well-known trading app. According to the firm, a cryptocurrency whale withdrew an astounding 200,000,000 DOGE, or $45,746,453. 200,000,000 #DOGE (45,746,453 USD) transferred from #Robinhood to unknown wallethttps://t.co/MFa4Q8Fk0A — Whale Alert (@whale_alert) November 10, 2024 In addition, it was discovered that the money was further sent to an unidentified blockchain wallet called -1pMke. This...

According to cryptocurrency Analysis firm LookOnChain, an Ethereum (ETH) investor withdrew 17,135 ETH, worth more than $40 million, from staking. The investor has deposited 16,750 ETH, worth roughly $39.75 million, to Kraken. LookOnChain said the ETH whale sold 5000 tokens worth $11.7 million on Oct. 3, 2024. Also Read: Urgent: USD Collapse, Jack Mallers & Elon Musk Warn of U.S. Bankruptcy! An $ETH withdrawer sold another 5,000 $ETH($11.74M) today! This whale has withdrawn 17,135 $ETH($39.75M) from staking and deposited 16,750 $ETH ($53.66M) into #Kraken since Mar 12.https://t.co/J3BEB35Zj2 pic.twitter.com/012Kq1pKaU — Lookonchain (@lookonchain) October 3, 2024 Ethereum Dips Amid Sell-Off The whale’s recent sale coincides with ETH’s current market dip. The asset has fallen 10.1% in the weekly charts, 6.3% in the 14-day charts, and 0.4% over the previous month. Despite the correction, ETH has gained 2.2% in the last 24 hours and 45.3% since October 2023. Source: CoinGe...

With Bitcoin (BTC) failing to make notable moves in either direction, on-chain data suggests that investors might be anticipating a pump in the cryptocurrency’s price. Particularly, according to Ki Young Ju, founder of crypto Analysis platform CryptoQuant , Bitcoin whales have opened massive long position s at the $69,000 mark, signaling potential bullish sentiment.  This move indicates confidence among large investors in Bitcoin’s future price trajectory amid the ongoing consolidation. Picks for you Buy signal for 2 oversold cryptocurrencies this week 1 hour ago Bullish: Bitcoin network activity breaks a 3-month downtrend 2 hours ago ...

Ethereum has been consolidating above the $1,800 mark over the past week while the asset witnessed a significant drop in whale activity. According to data provided by a market intelligence platform Santiment, Ethereum (ETH) whale s’ activity has been constantly on a downward momentum. Ethereum whale s completed 3,976 transactions, each worth at least $100,000, on Aug. 1. ETH price, supply, and whale activity – Aug. 7 | Source: Santiment At the time of writing, Santiment recorded only 744 such transactions in the past 24 hours. Quite similarly, whale transactions consisting of at least $1 million worth of ETH have also dropped from 672 on the first day of the month to 95 at the time of writing. You might also like: Valkyrie moves to convert BTF into dual Bitcoin, Ethereum ETF On the other hand, an ETH whale , nd4.eth, sent 2,500 coins to a dead wallet after his “girlfriend” allegedly “cheated on him.” The burned tokens are currently worth ove...

The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval. A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March.  The AIP-1.05 was defeated by 118 million votes, representing 84% of the total votes received, while 21 million ARB tokens voted for the proposal , nearly 14.5% of the total. Around 2 million ARB tokens abstained. The proposal asked the Foundation to return the tokens as a “symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation.” Screenshot - AIP-1.05: Arbitrum Improvement Proposal Framework. Source: Arbitrum DAO.  On the governance forum, a whale with ...