A whale/institution transferred $11.57 million of Ethereum ecological tokens to Binance for sale in the past hour

avatar
ODAILY
07-03
This article is machine translated
Show original
According to the monitoring of chain analyst Yu Jin, a whale/institution that bought ETH and ETH ecosystem-related tokens after the 19-4 document of the ETH spot ETF was approved at the end of May transferred various ETH ecosystem tokens worth $11.57M to Odaily for sale in the past hour, causing these tokens to fall to varying degrees, including: 3.514 million LDO ($6.23M); 49,700 AAVE ($4.49M); 319,800 FXS ($0.85M). This whale obviously bet that the news of the ETH spot ETF would drive the ETH ecosystem tokens. So he bought a variety of tokens worth tens of millions of U. He is now selling all these ETH ecosystem tokens at a loss, without any profit.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments