The market whale takes action! Sell a lot of crypto assets at a loss today
According to the latest monitoring, a whale/institution sold a large amount of tokens at a loss today. The details are as follows:
3.13 million LDO (approximately US$5.77 million) 49,771 AAVE (approximately US$4.54 million) 269,177 UNI (approximately US$2.41 million) 250,969 FXS (approximately US$708,000)
Since the U.S. SEC approved Form 19b-4 for the Ethereum spot ETF at the end of May, the whale spent more than $73 million to purchase ETH and Ethereum ecological tokens. To date, he has sold most of his tokens and currently only holds:
3.33 million LDO (approximately US$5.83 million) 31,191 AAVE (approximately US$2.8 million)
His total profit so far is $2.87 million, including:
ETH profit: $7.29 million LDO loss: $3.23 million AAVE loss: $1.1 million
Although huge gains were made on ETH, losses were also significant on LDO and AAVE.
Large-scale operations by whales tend to create volatility in the market. Will this loss-making sale affect the market prices of LDO, AAVE, UNI and FXS? Will the remaining LDO and AAVE sell-off continue?
