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A Major Whale Panic Sells 38,600 ETH and Then Buys Back at a Higher Price, Worth Approximately $137 Million
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According to a report by Jinse Finance, Lookonchain monitoring shows that a certain whale address (0x3c9E) panic-sold 38,582 ETH (worth $136.89 million) a week ago when the price of ETH dropped, at an average price of $3,548. As the price of ETH rebounded to $4,010, this address bought back 1,800 ETH for $72,200, with the average purchase price about 13% higher than the previous selling price.
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