Two Whales Give Up: They Sold Their Altcoins at a Huge Loss – One Had Been Waiting for Two Years

According to crypto onchain data, a crypto whale with the short address 0xc9f appears to have sold all of his altcoin holdings in his wallet today.

According to Onchain data, the cryptocurrency whale, who bought his coins about 3 months ago, transferred all 710 thousand Avalanche (AVAX) worth $ 14.49 million in his wallet to Coinbase in a transaction he made today.

The data shows that the big whale lost a total of $12.2 million from this transaction. AVAX, which was traded at around $44 in January, is at $19.90 at the time of writing and has fallen by 1% in the last day.

On the other hand, the Avalanche whale is not the only whale that lost money. According to Onchain data, a large crypto whale unstaking its Ethereum (ETH) after waiting two years and moved 8,922 ETH worth $14.8 million to crypto exchange Kraken. Despite waiting two years, the whale made a small loss from this trade.

However, this Ethereum whale may have been panic selling. This whale also sold at the bottom during the Terra (LUNA) crash.