Dormant Ethereum (ETH) Whale Deposited $228 Million to Bitfinex Before Crash
A dormant Ethereum whale recently woke up from hibernation after six months of inactivity, according to data from analytics platform Lookonchain.
Shortly before the recent price crash, the address sent a whopping $228.6 million worth of Ethereum (ETH) to Bitfinex.
As reported by U.Today, the cryptocurrency market recently suffered $2.2 billion worth of liquidations in 24 hours.
Ethereum (ETH) has plunged more than 20% in the past 24 hours along with a number of other major cryptocurrencies.
Nearly $480 million worth of ETH long positions have been liquidated, with the flagship altcoin taking a far bigger hit than Bitcoin (BTC).
Meanwhile, a whale who shorted ETH with 50x leverage before the market crash currently has more than $30 million in unrealized profits.
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