Fear & FOMO Strike Again: 2 Crypto Wallets Bleed 142 $ETH in Market Mayhem

Crypto's emotional rollercoaster claims fresh victims as panic selling empties digital vaults.

When Greed Flips to Fear

Two Ethereum holders just learned the hard way—market psychology cuts deeper than any bear. A combined 142 ETH vanished faster than a meme coin's utility.

The FOMO Tax Is Real

No protocol exploit, no elaborate hack. Just old-fashioned human weakness triggering sell orders at the worst possible time. Traders might as well have set their stacks on fire.

Blood in the Streets?

While Wall Street hedgies nap through their 3-martini lunches, crypto's 24/7 casino keeps punishing the impatient. One trader's 'strategic exit' is another's six-figure oops.

A couple of cryptocurrency wallets have recently lost a massive amount of Ethereum ($ETH). As per the data from Lookonchain, the two wallets lost up to 142 $ETH in panic selling. The well-known on-chain analytics provider shared insights into the latest losses of the crypto wallets.

4 days ago, 2 wallets panic-sold 4,598 $ETH for 10.95M $DAI at $2,383.

3 hours ago, as $ETH rebounded, they bought back 4,455 $ETH($10.95M) at a higher price of $2,459, losing 142 $ETH($353K).https://t.co/zPAsDKdvUNhttps://t.co/dAW0TfmcJ4 pic.twitter.com/6E1Vsprexl

2 Wallets Hit by $353K in $ETH Losses in Panic Selling Amid Market Volatility

The market data discloses that the significant volatility in the ethereum ($ETH) market led the two crypto wallets to panic sell their holdings. In this respect, they collectively lost up to $353K because of their mismanaged trades amid volatility. Hence, the wallets sold nearly 4,598 $ETH, equaling $10.95M to buy $DAI at its local low price of $2,383 on the 22nd of June.

Just 4 days following that panic selling, as the top altcoin rebounded, the wallets purchased back 4,455 $ETH. This time, they paid $10.95M to buy the respective amount. In this respect, they purchased the $ETH coins at $2,459 as the average price, which was quite high. With this, they incurred $353K in losses.

Poorly-Timed Trades Lead to Loss of 142 $ETH

According to Lookonchain, these trades of the aforementioned wallets left them with huge losses valued at almost 142 $ETH. Keeping this in view, the traders should be careful while taking emotion-driven decisions amid the significantly volatile market. Apart from that, this event also indicates the importance of the timely and precise decisions in the crypto sector to make profits.