Pessimistic Whale Sells a Large Amount of its 12 Altcoin Holdings

According to data from Etherscan, a cryptocurrency whale identified with the address 0x8c5 has been selling various digital assets on decentralized exchanges (DEX) for the last four days. Whale sold 12 different tokens worth a total of $4.2 million, mostly for stablecoins such as USDC, USDT, and DAI.

The top three assets sold by Balina were ARB, LDO and FXS, accounting for more than half of the total amount. Whale sold 1.5 million ARB for $1 million, 624 thousand LDO for $953 thousand, and 92.9 thousand FXS for $521 thousand.

Interestingly, the whale has not completely exited any of the 12 assets he sold and still holds $4.51 million worth of assets in his wallet or liquidity pools.

Here are the altcoins and dollar equivalents that the whale sold in the wallet’s last transactions:

• ARB: $1,033,741.81
• LDO: $952,786.96
• FXS: $521,010.73
• UNI: $482,839.53
• MKR: $366,834.52
• WLD: $227,558.92
• STG: $213,390.85
• WBTC: $129,034.25
• BLUR: $117,338.83
• WETH: $76,676.82
• Silo: $68,719.05
• LIT: $9,687.62

*This is not investment advice.