Monitoring reports whale liquidated 31.4 million CRV in two weeks, estimated loss of 4.1 million USD
BIBIBI
AT A GLANCE
Ember Monitoring reports that a whale or institution liquidated 31.4 million CRV over two weeks, incurring a cumulative loss of 4.1 million USD.
Article
Whale liquidates 3-year CRV holding, losing 4.1 million USD
PANews, September 22: According to on-chain analyst Ember, a whale or institution transferred 31.4 million CRV, held for 3 years, to OKX for liquidation over the past two weeks, resulting in a cumulative loss of 4.1 million USD, a 27% decline. The whale gradually withdrew and accumulated 31.4 million CRV from Binance between 2023 and 2024, with an average purchase price of 0.48 USD and a total cost of approximately 15.13 million USD; the average liquidation price was 0.35 USD.
According to on-chain analyst Ember, a whale or institution transferred 31.4 million CRV to OKX for liquidation over the past two weeks.
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The holding period for this batch of CRV was 3 years.
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The whale gradually withdrew and accumulated 31.4 million CRV from Binance between 2023 and 2024.
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The average purchase price was 0.48 USD, with a cost of approximately 15.13 million USD; the average liquidation price was 0.35 USD.
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The text states a cumulative loss of 4.1 million USD, representing a 27% decline.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
An unidentified large holder transferred long-held CRV to OKX for sale. The article states that the holder incurred a loss because the average selling price was lower than the average purchase price.
Why it matters to readers
This reflects a significant exit from a large CRV position and the associated unrealized losses.
Beginners can use this to understand the relationship between average purchase price, average liquidation price, loss amount, and loss percentage, but should not make decisions based solely on a single whale transaction.
Risks and unknowns
The specific identity of the whale or institution has not been disclosed.
Data regarding the relevant transfers, liquidation prices, costs, and losses cites only Ember's on-chain monitoring, and the original text provides no further verification materials.
The original text does not explain the specific reason for the liquidation.
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Related concepts
Whale
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
