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Whale spent 3.11 million USD to buy 1,734 ETH after selling off
A FOMO trader just made a series of unprofitable investment moves. Six months ago, he spent 6.42 million USD to buy 1,805 ETH at a price of 3,559 USD per ETH. The decision to buy at that time was based on the fear of missing out on the opportunity (FOMO). However, two weeks ago, in a panic mentality due to the volatility of the crypto market, he sold this amount at a loss of 3.6 million USD, equivalent to 56%.
Today, as the price of Ethereum rises, he decided to buy back. With 3.11 million USD, he purchased 1,734 ETH at a price of 1,792 USD per ETH. This decision reflects an unstable strategy and heavy financial decline amid the volatile crypto market.
This information is for market information purposes only and is not investment advice.
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