The post Smart Trader Loses $15.7 Million In Ethereum Trade Amidst Market Turbulence! appeared first on Coinpedia Fintech News
As per the Spot On Chain X post, a whale account deposited 8,825 ETH, worth around $24.1M with a heavy loss on Binance. The whale earlier withdrew 19,436 ETH from Binance on an average Ethereum price of $3,509. Later on, May 26, the whale deposited 8,825 ETH back to Binance at an average value of $2,729. By selling at this price, the trader lost a significant amount in this trade. Furthermore, he kept 10,619 ETH in the personal wallet, which now bears a $15.7M million loss on this trade as Ethereum’s value has declined even more. notably, this whale had previously excelled, earning $38M from 2 $ETH trades from Nov 2022 to May 2024.