The post Giant Chinese Cryptocurrency Company Sells 7 Altcoins During the Decline – Faces Big Losses appeared on BitcoinEthereumNews.com.

According to tracking data provided by Lookonchain, Chinese cryptocurrency firm Fenbushi Capital has sold $5.14 million worth of altcoins in the past three hours, shedding significant holdings across multiple tokens. Chinese Company Suffers Significant Loss in Altcoins Among the items sold are: 136,094 EIGEN (approximately $514,000) 146,537 UNI (approximately $1.13 million) 10.17 million SNT (approximately $244,000) 10,681 COMP (approximately $509,000) 11,616 AAVE (approximately $1.9 million) 344,086 SUSHI (approximately $276,000) 219 ETH (about $576,000) In addition to the volume of assets sold, Fenbushi Capital reportedly suffered significant losses on several major tokens. The firm lost $2.44 million (-90%) on SUSHI, $2.27 million (-82%) on COMP, $1.53 million (-42%) on UNI, and $499,000 (-15%) on AAVE. Meanwhile, another big whale sold 22,480 ETH (worth around $59.08 million) in the last two days. The whale initially withdrew 24,000 ETH (worth $63.07 million) from Lido and then deposited 22,480 ETH to Coinbase via multiple addresses. The whale currently holds 7,000 ETH worth $18.37 million, suggesting additional market movements are possible. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/giant-chinese-cryptocurrency-company-sells-7-altcoins-during-the-decline-faces-big-losses/

---

Filed under: News - @ October 1, 2024 6:21 pm