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Ethereum Whale Makes Massive $38M ETH Leverage Bet After Selling Spot Holdings
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Ethereum Whale Makes Massive $38M ETH Leverage Bet After Selling Spot Holdings
A significant Ethereum whale has taken a headline grabbing step and sold a substantial amount of spot Ethereum and then went on a spree of aggressively leveraged long of over $38 million. The move was signaled by the blockchain analytics platform Lookonchain, triggering much speculation, debate, and curiosity in the crypto market. Whale 0x76AB sold $ETH spot and then went long on $ETH using leverage.He sold 1,654 $ETH for 5.49M $USDC, deposited…
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