A massive Ethereum whale with 4,890 ETH suffered losses after making an error in their trading moves. The whale had been bearish on ETH and anticipated profit-taking to continue, but was caught off guard by a sudden recovery in price. Panicking, the whale sold their ETH holdings at a lower price than when they bought it, resulting in a loss. Additionally, the whale exchanged 3,705 stETH for 3,536 ETH, resulting in a further loss. It is worth noting that the whale’s selling coincided with a sharp spike in the ETH price, which turned out to be a mistake. In other news, a dormant ETH ICO participant who had been inactive for eight years moved over 2,000 ETH out.
AI Sentiment: Negative