coin-img-ETHETH+2.77%coin-img-BTCBTC+1.04%coin-img-SOLSOL+0.74%coin-img-XRPXRP+4.74%coin-img-CRKCRK-56.86%coin-img-WPWP-59.90%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+7.10%coin-img-ETHETH+2.77%coin-img-BTCBTC+1.04%coin-img-SOLSOL+0.74%coin-img-XRPXRP+4.74%coin-img-CRKCRK-56.86%coin-img-WPWP-59.90%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+7.10%coin-img-ETHETH+2.77%coin-img-BTCBTC+1.04%coin-img-SOLSOL+0.74%coin-img-XRPXRP+4.74%coin-img-CRKCRK-56.86%coin-img-WPWP-59.90%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+7.10%coin-img-ETHETH+2.77%coin-img-BTCBTC+1.04%coin-img-SOLSOL+0.74%coin-img-XRPXRP+4.74%coin-img-CRKCRK-56.86%coin-img-WPWP-59.90%coin-img-USDCUSDC+0.02%coin-img-HYPEHYPE+7.10%

Whale Sells $51.79M in ETH and cbBTC After Rally, Realizes $19.66M Loss

A whale or institution that deployed $500 million into BTC and ETH in early February sold 12,000 ETH and 330 cbBTC on March 17 for about $51.79 million, onchain analyst Ember reports. The sale resulted in an estimated realized loss of roughly $19.66 million, as prices have not recovered to the entry levels of $2,667 for ETH and $73,837 for cbBTC. The address continues to hold crypto worth around $603 million, including 138,000 ETH valued near $326 million and 3,670 cbBTC worth about $277 million.
ETH
ETH+2.84%
BTC
BTC+1.10%
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