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While the broader cryptocurrency market recently took a nosedive, some mysterious Ethereum whale successfully escaped with $41 million worth of ETH. Days later, the price of ETH went down, along with BTC and other cryptocurrencies. Did this whale know something the rest of the market didn’t?

Ethereum Whale Sells $41 Million Before Market Crash

In the early hours of August 18, the crypto market saw investors reacting to SpaceX selling its $373 million Bitcoin holdings, pushing down Bitcoin by more than 8% in a matter of minutes. During this period, the crypto market cap dropped to $1.1 trillion, and Ethereum also saw its value plummet by almost 6%.

On-chain data provided by Lookonchain reveals that a smart Ethereum whale dumped 22,341 ETH worth $41 million just prior on August 14. On-chain investigation shows that the whale moved their ETH holdings to the Binance exchange and then withdrew $41 million worth of Tether USDT.

While this whale still made a loss of $1.7 million in the sale, if they hadn’t moved their funds, they would have lost at least $5 million in the crash.

The whale was very smart and dumped 22,341 $ETH ($41M) before the market crashed.

Even though he lost ~$1.7M this time, he successfully avoided the market crash.

Perhaps he will buy $ETH back at a cheaper price in the future.

Follow this smart whale.??https://t.co/S4Wv8XRlhW pic.twitter.com/BcdzdpmbIA

— Lookonchain (@lookonchain) August 18, 2023

Coincidentally, this isn’t the first time this trader has made headline trades. This savvy Ethereum whale has shown signs of being able to predict market movements before and has had a 100% winning rate in recent months.

The whale profited from the SEC and Spot Bitcoin ETFs saga. When ETH plummeted in reaction to news of the SEC rejecting spot Bitcoin applications from BlackRock and other investment companies, this whale saw this as an opportunity to buy the dip on June 30.

They bought 8,188 ETH worth $15.23 million at $1,860 per ETH, and ETH would later rise to $1948.60 in the hours after.

A smart whale deposited 25K $ETH ($47.24M) to #Binance and withdrew 15.9M $USDT 12 hrs ago.

The whale is very good at buying $ETH at low prices and selling at high prices to make a profit.

He has a 100% win rate of trading $ETH in the past 2 months.https://t.co/dT9p6jeCtr pic.twitter.com/pTuJAwL81O

— Lookonchain (@lookonchain) June 28, 2023

Do Whales Sometimes Have Insider Knowledge?

While we can’t know for sure if whales have access to insider information, their actions are worth paying attention to. It could be that this whale knew something was going to trigger a price crash or was just making the right trading decision at the right time.

Nevertheless, whale moves could signal future price action due to the sheer size of their holdings. So by closely following the on-chain activity of major holders, investors might gain useful insights.

The market is still yet to bounce back from the recent dip. At the time of writing, ETH is down by 1.80% in the past 24 hours and down by 10.19% in a 7-day timeframe. Bitcoin and XRP are also down by 11.87% and 19.87%, respectively in a 7-day timeframe.



Cryptocurrency exchanges review:

#1 OKX - 24h Volume: $ 1 097 255 972.
OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.

#2 ByBit - 24h Volume: $953 436 658.
It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.

#3 Gate.io - 24h Volume: $ 643 886 488.
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States.

#4 MEXC - 24h Volume: $ 543 633 048.
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange.

#5 KuCoin - 24h Volume: $ 513 654 331.
KuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.

#6 Huobi - 24h Volume: $ 358 727 945.
Huobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US.

#7 Bitfinix - 24h Volume: $ 77 428 432.
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.


My bitcoin-blog: https://sites.google.com/view/my-crypto-jam/
=)

According to the last minute development, the press release confirmed that the launch date of the DOGE-1 Moon mission is November 15-20.


DOGE movement after the news

The DOGE-1 Moon Mission, the first commercial Moon mission fully paid for in Dogecoin, has confirmed its launch date of November 15-20, 2023.

Announced by Geometric Energy Corporation (GEC) and SpaceX in May 2021, the mission will launch with the SpaceX Falcon 9 rocket as a vehicle share in the Nova-C/IM-1 mission, a joint mission between Intuitive Machines and NASA.

Mission DOGE-1 will include a 40kg cubed satellite that will orbit the Moon and gather lunar-spatial information using onboard sensors and a camera.

The launch of DOGE-1 was originally scheduled for Q1 2022, but was delayed due to delays in SpaceX's Nova-C mission.

*Not investment advice.

Cryptocurrency exchanges review:

#1 OKX - 24h Volume: $ 1 097 255 972.
OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.

#2 ByBit - 24h Volume: $953 436 658.
It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.

#3 Gate.io - 24h Volume: $ 643 886 488.
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States.

#4 MEXC - 24h Volume: $ 543 633 048.
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange.

#5 KuCoin - 24h Volume: $ 513 654 331.
KuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.

#6 Huobi - 24h Volume: $ 358 727 945.
Huobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US.

#7 Bitfinix - 24h Volume: $ 77 428 432.
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.


My bitcoin-blog: https://sites.google.com/view/my-crypto-jam/bitcoin-july22
=)

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Если планируется празднование какого - либо важного события или soulful loft, то хочется подобрать как можно лучшее место проведения. На сегодняшний день не так сложно найти отличный вариант, так как предложений достаточно много.
Однако сам процесс выбора, несмотря на обилие предложений, не так прост, как кажется. Исходя из того, какое направление будущего торжества, следует выбирать заведение, оно должно подходить под тематику.
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Всем, кто озадачен поиском лучших вариантов объектов для проведения различных мероприятий, непременно стоит обратиться в специализированное агентство "Hallbe" https://hallbe.ruСотрудники компании готовы предложить каждому клиенту лучшие заведения Москвы и региона на любой кошелек.
Преимущества сотрудничества с компанией:
" подбор заведений для клиентов проводится совершенно бесплатно;
" работу агенства оплачивают заведения, а не клиенты;
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" клиентам предлагаются только проверенные и надежные варианты.
Поиск подходящего места проведения торжества на указанном ресурсе проводится как по стандартному варианту, так и с учетом альтернативных особенностей. Стандартный поиск предусматривает выбор заведений по следующим критериям:
" количество гостей на мероприятии;
" опираясь на месторасположение;
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Во время альтернативного поиска используются фотографии заведений и интерактивная карта. На ней показаны все заслуживающие внимания объекты требуемой направленности, расположенные в конкретном районе.
Фотографии позволяют воочию увидеть и оценить внешний вид и внутреннее убранство каждого объекта. Особенно удобно использовать их, если проведение мероприятия требует определенного стиля в интерьере (барокко, лофт, прованс, рустика, классика и т.д.). Также на сайте hallbe.ru уделяют внимание прилегающей территории, наличие водоемов, газонов и т.д.
Сайт не предназначен для бронирования и оплаты предстоящего торжества. Для него предлагаются только те заведения, которые имеют безупречную репутацию и с которыми у "Hallbe" установлены доверительные и тесные отношения на правовой основе. Эти отношения позволяют компании получать вознаграждение в случае выбора клиентом объекта по ее рекомендации.
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