A certain whale consistently panic sells ETH during price drops and buys back at higher prices, having repurchased 7,500 ETH in the past 20 hours
According to a report by Jinse Finance, Lookonchain monitoring shows that whale address 0x3c9E tends to panic sell ETH during price drops, only to buy back at higher prices. From July 29 to August 3, the whale sold 38,582 ETH at an average price of $3,548 (approximately $136.9 million). From August 8 to August 15, it bought back 16,800 ETH at an average price of $4,424 (about $74.3 million). From August 16 to August 20, it sold 10,900 ETH at an average price of $4,369 (around $47.6 million). In the past 20 hours, it bought back 7,500 ETH at an average price of $4,747 (about $35.6 million).
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