Crypto NewsAltcoinMassive Altcoin Whale Couldn't Wait Any Longer: Sold at a Huge Loss

Massive Altcoin Whale Couldn’t Wait Any Longer: Sold at a Huge Loss

Onchain data has shown that a crypto whale may have incurred a major loss on an altcoin.

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Cryptocurrency onchain data recorded that a crypto whale lost patience today and sold at a large loss.

According to the data, the crypto whale had not made any transfer movements for 6 months and had purchased 10 million Artificial Superintelligence Alliance (FET) tokens worth $17.15 million on Binance 6 months ago.

This whale sent 7 million FET tokens worth $5.26 million back to cryptocurrency exchange Binance and would have lost $6.7 million had he sold.

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In addition, onchain data revealed some unusual findings in the AURA token, which is popular today and has been the subject of fraud allegations. According to the data, a whale wallet suspected of being part of the altcoin team spent $66,000 to buy 19.17 million AURA tokens just before the rise and later sold about 3 million of them for $56,000. Currently, the whale wallet holds more than $2 million worth of AURA tokens.

*This is not investment advice.

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