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Ethereum Trader Sold $188M Before the Crash and Bought Back Lower
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
One Ethereum trader appears to have timed the recent market swing almost perfectly. Before prices fell, the trader sold 60,000 ETH, 9,442 wstETH, and 600 WBTC worth roughly $188 million at much higher levels. After the crash, the same wallets bought back more ETH, wstETH, and WBTC at significantly lower prices. The moves allowed the trader to rebuild positions while spending far less capital, making it one of the more notable examples of successful market timing during the recent crypto volatility.
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