Giant Whale Sold LDO Coin and These 3 at a Loss! Bought This Instead

Devasa Balina LDO Coin ve Bu 3’ünü Zararına Sattı! Yerine Bunu Aldı
Devasa Balina LDO Coin ve Bu 3’ünü Zararına Sattı! Yerine Bunu Aldı
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The cryptocurrency market has been very active lately, and behind this activity are large investors, often called “whales”. According to the findings of the cryptocurrency tracking platforms Spot On Chain and Lookonchain, a large investor recently sold popular tokens such as Lido DAO (LDO coin), AAVE and Uniswap (UNI) at a significant loss while investing in the Ethereum (ETH) ecosystem. This reveals how dynamic the cryptocurrency market is and how investors apply different strategies. This investor, who has increased his belief in Ethereum, seems to be trying to minimize the loss while realizing his profits in other cryptocurrencies. Here are the details…

Whale took action for LDO coin and other cryptos

The cryptocurrency market has been very active lately, and behind this activity are large investors, often called “whales”. According to the findings of cryptocurrency tracking platforms Spot On Chain and Lookonchain, a large investor recently sold popular tokens such as Lido DAO (LDO), AAVE and Uniswap (UNI) at a significant loss while investing in the Ethereum (ETH) ecosystem.

When we examine the details of the news, it appears that the investor in question invested over $73 Million in ETH and Ethereum-based tokens following the US Securities and Exchange Commission’s (SEC) form 19b-4 approval for an Ethereum ETF at the end of May. However, this investor lost 3.13 million LDO (approximately 5.77 million USD), 49,771 AAVE (approximately 4.54 million USD), 269,177 UNI (approximately 2.41 million USD) and an unspecified amount of FXS tokens in the transactions he made in the last 4 hours. sold at a loss. These sales caused the prices of the tokens in question to drop.

What is left for the investor?

According to the information shared by Lookonchain, the investor currently holds only 3.33 million LDO (approximately 5.83 million USD) and 31,191 AAVE (approximately 2.8 million USD). Although it has made a total profit of around 2.87 million USD so far, most of this profit comes from ETH investment. The investor lost 3.23 million USD from the LDO sale and 1.1 million USD from the AAVE sale. Spot On Chain shared 6 cryptocurrency wallet addresses used by investors. By tracking these addresses, it will be possible to follow the investor’s movements more closely and try to predict their future moves.

This reveals how dynamic the cryptocurrency market is and how investors apply different strategies. This investor, who has increased his belief in Ethereum, seems to be trying to minimize the loss while realizing his profits in other cryptocurrencies. However, we will see how this move is reflected in the market and how other investors will react in the coming days. Investors who follow the cryptocurrency market closely are advised to make their own investment decisions by taking such major movements into consideration.

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Giant Whale Sold LDO Coin and These 3 at a Loss! Bought This Instead