A Giant Altcoin Whale Is in Mourning: Sold It All Out Today, Missed Out on $5 Million by Not Selling Earlier

A Curve Finance (CRV) whale, who had been attracting attention in the cryptocurrency market, finally sold his long-monitored position.

According to on-chain data, the investor in question acquired approximately 5 million CRV last year at a price of $0.26, totaling around $1.3 million. Just one month after the purchase, the CRV price surged to $1.30, resulting in the whale’s on-paper profit reaching $6.5 million and an unrealized gain of over $5.2 million. However, the investor did not sell a single token during this peak.

Today, however, the whale changed its strategy and sent over 4 million CRV to Binance, selling it at $0.34. As a result of this transaction, the investor’s realized profit was limited to approximately $400,000. Thus, the whale paid the price for not selling at the peak with a significantly reduced profit.

On the other hand, the investor’s current portfolio is also noteworthy. The total portfolio value is approximately $2.77 million, with a distribution largely consisting of medium and low market cap altcoins. Prominent assets in the portfolio include Ether.fi (ETHFI), Optimism (OP), Lido DAO (LDO), The Graph (GRT), MAGIC, EigenLayer (EIGEN), PHA, BIO, and SAFE.