The Whale Who Dropped the Prices of Four Altcoins Couldn't Resist: He Sold All of them

The whale, which caused the prices of four altcoins to fall, could not withstand the decline in the market and sold its remaining tokens.

According to information shared by the blockchain analysis platform Lookonchain, a whale sold a total of $ 8.23 ​​million worth of altcoins.

It caused a decline in four altcoins

This whale sold 3.13 million Lido DAO (LDO), 49 thousand 771 Aave (AAVE), 269 thousand 177 Uniswap (UNI) and 250 thousand 969 Frax Share (FXS) on July 3. After this, LDO, AAVE, UNI and FXS prices started to fall.

According to transaction records, the whale purchased $73 million worth of Ethereum and altcoins after the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 filings of spot Ethereum ETFs.

Although Whale earned $7.29 million thanks to Ethereum, he lost $3.23 million and $1.1 million from his LDO and AAVE investments, respectively.

He completely emptied his wallet

According to CoinGecko data, Lido DAO increased by 11.64 percent in the last 24 hours; AAVE lost 10 percent of its value. During this period, there was a decline in the entire cryptocurrency market and the total market value decreased by 7.8 percent.

According to Lookonchain data, the whale did not wait for the market to reverse and deposited the remaining 3.33 million LDO ($5.67 million) and 31 thousand 191 AAVE ($2.56 million) in his wallet to Binance at night.

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