After 2 Years of Struggling, the Giant Whale Gave Up: Sells All Assets from Three Altcoins for a Loss of $8.43 Million

A cryptocurrency whale that didn't seem to be very successful at trading seems to have finally given up.

According to data provided by Lookonchain, the whale sold all of its Ethereum (ETH), Optimism (OP) and Arbitrum (ARB) holdings just hours ago, for a loss of $8.43 million.

According to the data, the whale wallet sold $19.5 million worth of ETH at $2,903 and lost $6.45 million.

On the other hand, it sold $1.06 million worth of OP at $2.48 and lost $902 thousand. Finally, he sold ARB worth $ 882 thousand at $ 0.98 and lost $ 1.08 million.

It is not clear whether the cryptocurrency whale gave up completely and exited the market, or whether he waited for the market to drop further and sold his assets to buy lower.

At the time of writing this article, ETH is traded at 2.905, OP is traded at 2.55, and ARB is traded at $1.

Currently, the whale wallet still holds the USDC stablecoins it obtained from the sale of the assets in question.

Balina had been accumulating a significant part of the assets in question since 2022.

*This is not investment advice.