In the last week, CoinMarketCap reports that Ethereum (ETH) has lost 10.31% of its value marking a highly negative performance for the prominent altcoin. However, most of this price loss was driven by a general market crash on Thursday, which saw about $1 billion wiped out from the total crypto market cap.
Interestingly, prominent on-chain analytics firm, Lookonchain reports that a particular “smart” whale was able to avoid this market turmoil by liquidating a substantial amount of ETH right before the market crashed.
Ethereum Whale Dumps 22,341 ETH Ahead Of Major Market Loss
According to a social media post on Friday by Lookonchain, a certain crypto whale sold 22,341 ETH, valued at roughly $41 million, just prior to the crypto market downturn this week. Lauding this liquidation move, the analytics team describes the investor to be “very smart.”
However, while this whale may have avoided the general market crash, Lookonchain reported they still recorded losses to the tun
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