Ethereum Whale Offloads $33 Million In ETH At A Loss As Crypto Sinks 11% In A Week — This Is What Indicators Suggest

An investor dumped Ethereum (CRYPTO: ETH) tokens at a loss on Sunday as the second-largest cryptocurrency capped off the week with double-digit negative returns.

What happened: A prominent whale, which controlled three wallets, swapped 10,070 Ether for 33 million in stablecoin Dai (CRYPTO: DAI), losing a million in the sale, according to Lookonchain.

The investor withdrew 24,029 Ether for a little over $81 million from cryptocurrency exchange Binance three weeks ago. After the latest sale, the investor was left with a bag of 13,959 ETH, worth $45.48 million.

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