Giant Chinese Cryptocurrency Company Sells 7 Altcoins During the Decline – Faces Big Losses
Chinese cryptocurrency firm Fenbushi Capital has sold a significant amount of 7 altcoins, according to onchain data.
According to tracking data provided by Lookonchain, Chinese cryptocurrency firm Fenbushi Capital has sold $5.14 million worth of altcoins in the past three hours, shedding significant holdings across multiple tokens.
Chinese Company Suffers Significant Loss in Altcoins
Among the items sold are:
- 136,094 EIGEN (approximately $514,000)
- 146,537 UNI (approximately $1.13 million)
- 10.17 million SNT (approximately $244,000)
- 10,681 COMP (approximately $509,000)
- 11,616 AAVE (approximately $1.9 million)
- 344,086 SUSHI (approximately $276,000)
- 219 ETH (about $576,000)
In addition to the volume of assets sold, Fenbushi Capital reportedly suffered significant losses on several major tokens. The firm lost $2.44 million (-90%) on SUSHI, $2.27 million (-82%) on COMP, $1.53 million (-42%) on UNI, and $499,000 (-15%) on AAVE.
Meanwhile, another big whale sold 22,480 ETH (worth around $59.08 million) in the last two days. The whale initially withdrew 24,000 ETH (worth $63.07 million) from Lido and then deposited 22,480 ETH to Coinbase via multiple addresses.
The whale currently holds 7,000 ETH worth $18.37 million, suggesting additional market movements are possible.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IRS Tightens Grip on Crypto with New 2025 Rules
How YeagerAI Is Allowing dApps to Access Real-World Data More Efficiently
241128: Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7%
Bitcoin zoomed above $97,000, bringing hopes of breaching the landmark $100,000 level on social media, before paring gains to nearly $95,500 in Asian morning hours on Thursday. BTC added 3.3% in the past 24 hours, data shows, ahead of a Thanksgiving weekend that has historically recorded sudden pri
Attention is value, and AI Agents will continuously attract users and capital
To truly grow, AI entities cannot be limited to promoting meme coins.