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Large Investors are once again dumping Ethereum to repay debts, with a total loss of approximately 40 million USD.
Gate.io News bot message, a Large Investor sold 5,094 Ether today at a price of $1,471 (worth $7.5 million) to pay off debt.
According to records, the Large Investors borrowed 80.91 million USDT to purchase 26,235 Ether at a price of $3,084 on July 5, 2024. On March 11, they sold 25,800 Ether at a price of $1,853, obtaining 47.8 million USDT for partial debt repayment.
As of now, the loss amount for this Large Investor in Ethereum trading has reached approximately 40 million dollars.