The post $38M Whale’s Winning Streak Hits Rough Waters Amid Market Challenges appeared first on Coinpedia Fintech News
A crypto whale, known for earning $38M (+26.7%) from ETH trades between Nov 2022 and May 2024, recently made three strategic moves. Six hours ago, they withdrew 4,000 ETH ($12.58M) from Binance, continuing their trend of buying low and selling high. However, the whale’s recent trades face challenges. Since May 29, 2024, they have withdrawn 17,012 ETH at $3,582 (costing $60.9M), now at an unrealized loss of $7.41M (-12.2%). Additionally, 11 hours ago, they deposited 8,825 ETH ($24.1M) to Binance, facing an estimated loss of $15.7M (-23%).