Whale Lost Investment Due to Ethereum Debt: Sold 45 Million ETH! - Coin Bulletin

Koinbulteni · 2025-04-11T12:27:57+00:00

An Ethereum whale sold 28,999 ETH to pay off debt, worth around $45.2 million at an average price of $1,559. This significant sale was made to settle a debt, indicating cautious investor behavior amid recent downward pressure on crypto markets. Ethereum price has been declining, falling below $1,600 recently.

Koinbulteni

2025-04-11 12:27:57

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A Ethereum whale sold ETH to pay off its debt

According to a post by the on-chain data platform Lookonchain, a notable whale movement has been revealed in the Ethereum market. The post states that a whale sold 28,999 ETH for approximately 45.2 million dollars. The average selling price was 1,559 dollars.

(# Reason for sell: Debt payment

The whale’s large sell-off was carried out for the direct purpose of debt repayment. On-chain transactions confirm that the funds are being used to pay off debts after the sale. Considering the downward pressure seen in the crypto markets recently, such sales indicate that investors are moving more cautiously.

The price of Ethereum has recently dipped below $1,600, entering a serious downtrend.

ETH1,31%

MA11,74%

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