RATE Group | Whale Rakes in USD 9 Million as Bitcoin Market Slides
79883
post-template-default,single,single-post,postid-79883,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Whale Rakes in USD 9 Million as Bitcoin Market Slides

18 Feb Whale Rakes in USD 9 Million as Bitcoin Market Slides

Posted at 04:29h in Bitcoin News by

[ad_1]

Whale Rakes in USD 9 Million as Bitcoin Market Slides 101
Source: iStock/Marie-Elizabeth Mali

After a highly volatile weekend in the bitcoin (BTC) market, news came out on Sunday that a large trader on the popular crypto exchange Bitfinex may have raked in USD 9 million in a matter of minutes as the BTC price dropped.

Judging from a screenshot of the Bitfinex leaderboard posted to Twitter by the exchange’s chief technology officer Paolo Ardoino, the well-known whale J0E007 had unrealized profits of USD 9,097,371 in just 5 minutes after the sharp price correction that occurred on Saturday.

As the time of writing on Monday, J0E007 is also up for the week starting today by more than USD 6 million, as per Bitfinex’s leaderboard.

Whale Rakes in USD 9 Million as Bitcoin Market Slides 102
Source: Bitfinex

Due to his large buying power on Bitfinex, some members of the crypto community even accused J0E007 of being partially responsible for the sharp price drop, responding to Ardoino’s tweet with comments like “Joe revenge dumped the market,” and “Thanks for the cheap corn @J0E007.”

In…

[ad_2]

Source link

Tags:
, , , , , , ,