Bitcoin’s sharp pullback appeared to rattle the market on Oct. 7, with BlockBeats reporting a fresh wave of fear in trading. Within roughly 30 minutes, prominent trader and DeGods founder @frankdegods sold altcoins worth about more than $1 million on-chain. The reported sales included $1 million worth of BP, $250,000 worth of EDEL, and $70,000 worth of GP. The move came as Bitcoin led the broader market lower, according to the report. No additional details on execution venues or follow-up transactions were disclosed in the source.
Bitcoin fell quickly on Oct. 7, and the market appeared to slip back into panic, according to BlockBeats.
Within about half an hour, prominent trader and DeGods founder @frankdegods rapidly sold altcoins worth about more than $1 million on-chain. The sales included $1 million worth of BP, $250,000 worth of EDEL, and $70,000 worth of GP, among other tokens.
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