🔥Crypto Whale Exits Market After Heavy Losses

A large cryptocurrency investor (whale), who had been trying to hold their ground for a long time, has seemingly retreated after suffering significant losses.

According to data provided by Lookonchain, the whale sold all of their Ethereum (ETH), Optimism (OP), and Arbitrum (ARB) holdings just hours ago, incurring a total loss of $8.43 million.

Specifically, the whale's wallet sold $19.5 million worth of ETH at $2,903 per ETH, resulting in a $6.45 million loss. Additionally, they sold $1.06 million worth of OP at $2.48 per OP, losing $902,000, and sold $882,000 worth of ARB at $0.98 per ARB, losing another $1.08 million.

It is unclear whether the whale has completely exited the market or is waiting for deeper market dips to buy back in at lower prices. At the time of writing, the whale's wallet still holds a considerable amount of the USDC stablecoin received from the aforementioned asset sales.

The whale had accumulated a substantial portion of the mentioned assets since 2022 but ultimately suffered heavy losses during the current volatile period in the cryptocurrency market.$ETH $OP $ARB