According to LookOnChain Data, Cryptocurrency Whale Lost More than $ 8,430,000 in Ethereum and Two Altcoins.

According to on-chain data, an unknown whale sold his altcoins for a huge loss after prices crashed. First reported by blockchain tracking service Lookonchain, the whale sold its positions in Ethereum (ETH) and layer 2 altcoins Optimism (OP) and Arbitrum (ARB) at a loss. Lookonchain announced that the whale, whose wallet addresses started with 0x12199 and 0xac218, suffered a loss of $ 8.43 million.

"So sad! This whale sold all ETH, OP and ARB for a loss of approximately $8.43 million. He sold 6,714 ETH ($19.5 million) at $2,903 and lost $6.45 million. He sold 428,047 OP ($1.06 million) at $2.48 and lost $902,000. He also sold 901,685 ARB ($882 million) at $0.98 and lost $1.08 million.”

However, at press time, ETH is trading at $2,981, while OP and ARB are trading at $2.53 and $1.01, respectively.