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The Whale That Experienced FOMO Loss Due to Ethereum's Sharp Plummet Bought Again When It Started to Rise! - Coin Bulletin
An investor detected by Lookonchain exhibited an "buy high, sell low, buy back higher" example with an Ethereum (ETH) trading strategy.
In the crypto world, investors driven by FOMO (Fear of Missing Out – often suffer losses from market movements, and the latest data analysis shared by the well-known cryptocurrency market data analysis platform Lookonchain strikingly reveals this.
The investor in question had purchased a total of 1,805 Ethereum for a value of 6.42 million dollars at a level of 3,559 dollars 6 months ago.
Due to the decrease in Ethereum prices over the past period, the investor panicked and sold off his assets two weeks ago, resulting in a loss of approximately 3.6 million dollars, which is a 56% loss. However, the story does not end here.
According to the data shared by Lookonchain, the same investor re-entered the market today when Ethereum prices started to rise. This time, he bought 1,734 units of Ethereum worth 3.11 million dollars at the price level of 1,792 dollars.