A whale caught attention by selling tens of millions of dollars of Ethereum (ETH) after the recent crash in the cryptocurrency market.
Offered by the on-chain analytics platform Lookonchain data According to a whale, July 24‘in Bitcoin (BTC) price in a short time $1,000 took action after the fall. According to the data, the whale reacted to this fall, which cannot be considered very deep, by selling off its assets. $30.8 million worth 16,751 ETH sold it.
Anonymous account transferring Ethereum assets to cryptocurrency exchange Binance, average Selling at $1,840 after doing 30.8 million Tether(USDT) to decentralized exchanges (DEX).
The whale’s preferred DEXs are AAVE (AAVE) And Compound (COMP) it happened. As the whale splits its assets across platforms 17 million USDT Compound, approx. 14 million USDT He deposited it in Aave.
These transactions of the whale are to provide passive income by liquidating USDT on DEXs and to hedge against possible market decline. is thought to have done.
Bitcoin yesterday $28,900 from $29,800 While regressing to the band, 2 events in the market attracted attention. Among these theories are Binance’s US subsidiary Binance.US. wash trading accusations and China’s economy bad signals were involved.