ETH get dumped, the whale liquidated its 100 million dollar position.

The price drops in ETH led to a large investor, or in crypto terminology, a whale, closing a position worth 106 million dollars at a loss.

According to the data compiled by Lookonchain, the investor in question held a position of 67,570 ETH on Maker. With ETH dropping below 1500 dollars, the entire position was liquidated.

On the other hand, another investor panic-sold more than 14 thousand ETH worth approximately 22 million dollars. On the other hand, some investors saw the düşüş as an opportunity and accumulated ETH. A whale known as "7 Siblings" recently purchased 24 thousand 817 ETH for 42 million dollars, raising their total assets to over 1.2 million ETH. This investor had spent 230 million dollars since February 3, acquiring over 103 thousand ETH and has incurred a total paper loss of 64 million dollars.

Despite the turbulence in global markets on Friday, cryptocurrencies that remained resilient faced intense selling pressure on Sunday. The negative atmosphere following the customs duties announced by U.S. President Donald Trump led to Bitcoin dropping below 75 thousand dollars. The drops were even sharper in altcoins, particularly Ether.

In the last 24 hours, ETH has gotten dumped by 15%, XRP by 13%, Solana by 12%, and Dogecoin by 13%. There were also those among the top 100 cryptocurrencies by market value that experienced price drops of more than 20%.

Published: April 7, 2025 16:54