FOMO Trader Buys Back ETH
This is a Lookonchain news story, published by CoinGape, that relates primarily to ETH news.
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peak FOMO traderCoinGape
•Business
Business & Economics
ETH price has surged nearly 8% in the past 24 hours and has caused notable trading activity among both investors and whales
61% Informative
On-chain data from Lookonchain reveals a case of “buy high, sell low, then buy back even higher” behavior from one trader.
The trader initially purchased 1,805 ETH for $6.42 million at a price of $ 3,559 approximately six months ago .
Two weeks ago , the trader sold their entire holding at a substantial loss of $3.6 million .
The selling decision proved poorly timed, as it came shortly before the current price rally.
Some large holders are actively accumulating during the price increase.
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