A crypto trader holding 22,341 ETH sold the assets days before the market crash, avoiding a potential loss of over $5 million.
A crypto whale holding massive amounts of Ether sold $41 million worth of the asset a few days before the market crashed, avoiding a potential $5-million loss.
The trade was flagged by the blockchain analysis platform Lookonchain, which follows and shares what it considers to be smart trades. On Aug. 18, the crypto whale deposited 22,341 ETH on the Binance exchange and withdrew around $41 million in Tether.
While the crypto whale lost around $1.7 million in value, the trader managed to avoid further potential losses that could have gone up to more than $5 million when the market prices dropped.
