{"id":74923,"date":"2023-08-18T11:55:57","date_gmt":"2023-08-18T11:55:57","guid":{"rendered":"http:\/\/kryptodata.se\/whale-in-ether-sells-off-41m-just-days-prior-to-market-crash\/"},"modified":"2023-08-18T11:55:57","modified_gmt":"2023-08-18T11:55:57","slug":"whale-in-ether-sells-off-41m-just-days-prior-to-market-crash","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/whale-in-ether-sells-off-41m-just-days-prior-to-market-crash\/","title":{"rendered":"Whale in Ether sells off $41M just days prior to market crash"},"content":{"rendered":"<p>A crypto trader holding 22,341 ETH sold the assets days before the market crash, avoiding a potential loss of over $5 million. The trade was flagged by the blockchain analysis platform Lookonchain. While the trader lost around $1.7 million in value, they managed to avoid further potential losses when the market prices dropped. Ether, the second-largest crypto by market capitalization, dropped from around $1,820 per token to about $1,597 in a day. Bitcoin also experienced a drop before making a recovery. The market crash followed a report that Elon Musk&#8217;s SpaceX wrote down $373 million worth of BTC. It remains unclear whether the entire holdings were sold or not. Some users criticized Musk for his actions on social media.<\/p>\n","protected":false},"excerpt":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-08\/6f61dc09-64d6-445d-b063-8e20a9613a69.jpg\"><\/p>\n<p>A crypto trader holding 22,341 ETH sold the assets days before the market crash, avoiding a potential loss of over $5 million.<\/p>\n","protected":false},"author":1,"featured_media":74924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[17],"tags":[47],"class_list":["post-74923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - 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