Crypto Whale Loses $60K and Calls It Strategy

In today’s episode of “Things That Would Terrify Your Financial Advisor,” a crypto whale – which is what we now call someone with more money than caution – has swapped 1,000 ETH (a breezy $1.94 million) for 358.49 XAUT at an average price of $5,413. The maneuver resulted in a loss of over $60,000, which in whale terms is presumably the equivalent of finding an unpleasant parking ticket on one’s yacht.