The crypto community and market observers were astounded at the recent substantial transfer of funds valued at approximately $1.5 million in whale 0x171’s account. This whale transferred 37,728 units of cryptocurrency at the average price of $39.64, amounting to 1.5 million. Notably, the whale still has 62,000 worth of tokens farmed with which presents an estimated total loss of $1.32 million.
These movements are noteworthy for being able to influence the market sentiment and regularly trigger market price fluctuations. Not only that, the amount of risk taken coupled with this whale’s potential losses makes this situation particularly interesting and draws attention to the volatile dynamic nature of the crypto-space. It is important that crypto-investors employ due diligence and risk-management when engaging in cryptocurrency investments.
