{"id":136345,"date":"2024-08-28T15:00:27","date_gmt":"2024-08-28T12:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136345"},"modified":"2024-08-28T14:43:56","modified_gmt":"2024-08-28T11:43:56","slug":"ethereum-whale-loses-4-million-amid-market-downturn","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-whale-loses-4-million-amid-market-downturn\/","title":{"rendered":"Ethereum Whale Loses $4 Million Amid Market Downturn"},"content":{"rendered":"<p>The whale acquired the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> stash for $27.96 million, averaging $3,169 per ETH, between July 27th and August 3rd through Binance. However, following a market drop on August 4th, the value of Ethereum declined sharply.<\/p>\n<p>On Monday, the whale transferred the entire holding back to Binance, receiving $24 million, resulting in a loss of $3.96 million.<\/p>\n<p>Lookonchain also observed that institutions seemed to be offloading Ethereum on the same day.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/toncoin-recovers-after-network-outage-but-price-remains-under-pressure\/\" title=\"Toncoin Recovers After Network Outage, But Price Remains Under Pressure\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/toncoinasdad-e1714240059853-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Toncoin Recovers After Network Outage, But Price Remains Under Pressure<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Amber Group, a digital asset financial services firm, <strong><a href=\"https:\/\/x.com\/lookonchain\/status\/1828087511710941356\" target=\"_blank\" rel=\"nofollow\">moved<\/a><\/strong> 6,443 ETH worth $17.62 million to Binance and Kraken, while crypto trading firm Cumberland transferred 6,439 ETH valued at $17.66 million to Binance.<\/p>\n<p>As of now, Ethereum is trading at $2,573, reflecting a nearly 4% drop in the past 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Ethereum whale recently experienced a significant loss of nearly $4 million after purchasing 8,825 ETH shortly before the market took a downturn, according to data from the crypto tracking platform Lookonchain.<\/p>\n","protected":false},"author":3,"featured_media":36541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-136345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Whale Loses $4 Million Amid Market Downturn<\/title>\n<meta name=\"description\" content=\"An Ethereum whale recently experienced a significant loss of nearly $4 million after purchasing 8,825 ETH shortly before the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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