Ethereum whale loses over 100 million USD as price tumbles double digits

An Ethereum whale reported a liquidation loss of 106 million USD due to ETH’s price drop over 10% during a broader market downturn.

The crypto market experienced an 8% drop, falling to a total market cap of 2.6 trillion USD, affecting major cryptocurrencies like Bitcoin and XRP.

Despite the downturn, some whales capitalized on the lower prices, with one noted whale acquiring 24,817 ETH valued at approximately 42 million USD.

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