ETH Liquidation: 1,500 ETH Sold for $3.71 Million Amid 6.39% Price Drop

On October 27, COINOTAG reported a significant event in the cryptocurrency landscape, highlighting the liquidation of 1,500 ETH from the address 0x2ab…3727e. This transaction, valued at approximately $3.71 million, occurred at an average price of $2,182, which is notably below the earlier recharge price of $2,480. Should all liquidated ETH be sold, the net profit is estimated at around $446,000. This recent development coincides with a 6.39% decline in ETH prices over the past week, signaling increased volatility within the market. Interestingly, prior to this decline, these 1,500 ETH showcased a floating profit of $2.82 million at the peak price earlier this year, underscoring the highly dynamic nature of cryptocurrency investments and the strategic decisions investors must navigate.