According to ChainCatcher, citing monitoring data from Lookonchain, a trader who bought 3,128 ETH six months ago for $5.95 million is now sitting on a loss of more than $3.87 million. The reported drawdown stands at 40%. On the same day, the trader transferred the entire 3,128 ETH position to Coinbase and appears to be preparing to sell at a loss. The update focuses on a single wallet movement tracked on-chain and does not include additional details about the trader’s identity. The figures reported by Lookonchain include the original purchase value, the current loss amount, and the percentage decline tied to the position.
ChainCatcher reported, citing Lookonchain monitoring, that a trader bought 3,128 ETH six months ago for $5.95 million.
The position is now down by more than $3.87 million, a 40% loss. On Tuesday, the trader deposited all 3,128 ETH into Coinbase and appears to be preparing to sell at a loss.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
