Ethereum Whale Sells 3,443 ETH at $2.2M Loss

An unidentified hacker sold 4,190 ETH in a rapid sell-off, incurring a significant loss as Ethereum's market faced turbulence in October, contributing to cumulative losses for the month.

ETH

Summary

An unidentified hacker who received funds on March 28 sold the remaining 4,190 ETH within 15 minutes at an average price of $3,840.47, incurring a $264,000 loss. The October ETH trading resulted in a wave loss of $3.511 million, with cumulative losses this month reaching $8.88 million.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.