According to tracking data provided by Lookonchain, the
Chinese Crypto Firm Fenbushi Capital Sold $5.14
millions in altcoins in the last three hours, shedding holdings
significant in several tokens.
Chinese Firm Suffers Significant Losses in Altcoins
Items sold include:
136,994 OWN (approximately US$514,000)
146,537 UNI (approximately US$1.13 million)
10.17 million SNT (approximately $244,000)
10,681 COMP (approximately $509,000)
11,616 AAVE (approximately $1.9 million)
344,086 SUSHI (approximately $276,000)
219 ETH (seeking $576,000)
In addition to the volume of assets sold, Fenbushi Capital would have suffered
significant losses in several major tokens. The company lost $
2.44M (-90%) in SUSHI, $2.27M (-82%) in COMP, $
1.53 million (-42%) in UNI and $499,000 (-15%) in AAVE.
Meanwhile, another large whale sold 22,480 ETH (worth $
59.08 million) in the last two days. The whale initially withdrew
24,000 ETH (worth $63.07 million) from Lido and then deposited
22,480 ETH to Coinbase via multiple addresses.
The whale currently holds 7,000 ETH worth $18.37 million,
suggesting that further market movements are possible.
“This is not investment advice.
