The post Whale Moves 505 ETH to Binance: A Deeper Look at the 18% Loss on 1,546 ETH Investment appeared on BitcoinEthereumNews.com.

On February 3rd, COINOTAG News reported that a significant cryptocurrency investor, commonly referred to as a “whale,” has recently made headlines after depositing 505 ETH into Binance just 30 minutes prior to the report. This action follows a prior accumulation strategy where the whale had gathered a total of 1,546 ETH over the last two months, with an average purchase price of $3,652 per Ether. However, the whale has now completely liquidated their holdings, resulting in a notable loss of approximately $982,000, translating to an 18% drop in value. This move not only highlights the volatile nature of the cryptocurrency market but also serves as a reminder of the financial risks associated with heavy investing in digital assets. Source: https://en.coinotag.com/breakingnews/whale-moves-505-eth-to-binance-a-deeper-look-at-the-18-loss-on-1546-eth-investment/

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Filed under: News - @ February 3, 2025 4:09 am