Happycoin.club - Lookonchain employees reported that a large cryptocurrency whale sold Ethereum (ETH), Optimism (OP), and Arbitrum (ARB) at a loss to himself.

On May 11, a wealthy trader exchanged 6714 Ethereum for USD Coin (USDC) stablecoins worth $19.5 million. He bought the coins at an average price of $3873 and sold them at a price of $2903, resulting in a loss of $6.5 million.

In addition, the fat cat sold 428,047 Optimism tokens acquired on March 8th and received $1 million worth of USDC for them. At the beginning of spring, OP was much more expensive, so as a result of selling the assets, the whale suffered losses amounting to $902,000.

Operations with Optimism, carried out by the crypto kit

Arbitrum had a similar story. On March 8th, a cryptocurrency trader purchased 901,685 ARB, paying $1.8 million for them. On May 11th, he converted the coins to USD Coin for $882,000, thus losing 55.6% of the invested funds.

Now the trader's two wallets hold digital assets worth $23 million, the vast majority of which are USDC. Therefore, it can be assumed that the crypto market is waiting for the right moment to buy cryptocurrencies, expecting a fall in coin prices. Signs of the end of the bearish trend in the Ethereum, Optimism, and Arbitrum markets are not yet observed, so the trader's forecast is likely to be correct.#ETH #ARD #OP