PANews reported on April 23 that according to Lookonchain monitoring, a FOMO (extreme fear of missing out) trader bought high and sold low, and then bought it back at a higher price. Six months ago, he spent $6.42 million to buy 1,805 ETH at $3,559 per ETH. Two weeks ago, he sold it at a loss of $3.6 million (-56%) due to panic. Today, after the price of Ethereum rose, he bought back 1,734 ETH at $1,792 per ETH for $3.11 million.
The whale spent another $3.11 million to buy 1,734 ETH, having previously lost $3.6 million due to panic selling.
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