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ETH PLUMMETS 10% IN 3 DAYS: ICO Whale Sells Out Entire Family Trust and Cries to Mom

BitcoinBlockchainCrypto News Kevin Nelson October 5, 2024

A whale is shown crying into its mom's shoulder as it holds onto an empty wallet labeled 'ETH 2014' and a stack of worthless papers representing lost value.

It’s time to call shenanigans on Ethereum again! It seems like an ICO whale has decided it’s had enough of this overhyped nonsense and is offloading a whopping $47M worth of ETH onto the market, sending prices tanking almost 10% in just three days. I mean, who needs that kind of volatility when you’re trying to make a buck? It seems like even some die-hard Ethereum fans are jumping ship – ‘Bluntz’ quipped on X (formerly Twitter) that day zero ETH OG’s are abandoning the sinking ship, while Solana maximalist ‘Cozy The Caller’ added fuel to the FUD fire by saying Ethereum is dragging crypto lower. But hey, at least some people still care about this stuff… or so they claim.

Source: cointelegraph

Ethereum FUD returns as ICO whale offloads another $47M
https://cointelegraph.com/news/ethereum-fud-ico-whale-offloads-another-47-million
Ethereum fear, uncertainty, and doubt may be seeping back into the market as Ether prices tank and an Ethereum whale offloaded another chunk of ETH accrued from the blockchain’s initial coin offering in 2014.  On Oct. 3, onchain transaction analytics platform Lookonchain observed that an Ethereum ICO participant had been aggressively offloading the asset over the last week. It noted that over the past two days, the entity had sold […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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