Crypto Whales Sell Off Ethereum (ETH)-Based Altcoin Before Massive 40% Correction: On-Chain Data - The Daily Hodl
Crypto whales sold off millions of dollars worth of yearn.finance on Saturday prior to YFI sharply correcting by over 40%, according to on-chain data....
- Crypto whales sold off millions of dollars worth of yearn.finance (YFI) on Saturday, causing a sharp correction of over 40%.
- One wallet deposited $5.8 million worth of YFI to crypto exchanges, likely for selling on the open market.
- YFI dropped to a low of $8,971 as the whales unloaded their holdings but has since bounced back to $9,408.
- The investment fund behind decentralized exchange aggregator 1inch (1INCH) also sold its UNI tokens for $2.13 million at a loss.
The article discusses the selling activities of crypto whales, causing a sharp correction in the price of YFI and the selling of UNI tokens by the 1inch Investment Fund at a loss. The sentiment is negative due to the price drop and loss incurred.