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Trader nemorino.eth Sells 5,000 ETH at Loss After 12-Day Hold

Ethereum trader nemorino.eth executed a short-term swing trade that ended in a $1.804 million loss after selling below the acquisition price.

ETH

Summary

Ethereum whale nemorino.eth bought 4,943 ETH at $3,452.65 each for about $17.06 million on November 6, then sold 5,000 ETH at $3,087.69 on November 17. The trades resulted in a $1.804 million realized loss over 12 days, reflecting a failed swing trade strategy.

Terms & Concepts
  • ETH (Ethereum): A blockchain-based cryptocurrency used for transactions and decentralized application development.
  • Swing Trade: A trading strategy aiming to capture short- to medium-term gains over several days or weeks.
  • Trading Loss: The financial deficit realized when selling an asset for less than its purchase cost.