Fenbushi Capital, a prominent Chinese venture capital firm focused on blockchain and cryptocurrency investments, has sold $5.14 million in altcoins, according to blockchain analytics firm Lookonchain.
Here is the Altcoins the Chinese VC Sold
The sale, which occurred three hours ago, involved a variety of tokens, including:
- 136,094 EIGEN (about $514,000)
- 146,537 UNI (about $1.13 million)
- 10.17 million SNT (about $244,000)
- 10,681 COMP (about $509,000)
- 11,616 AAVE (about $1.9 million)
- 344,086 SUSHI (about $276,000)
- 219 ETH (about $576,000)
However, the sale appears to have resulted in significant losses for Fenbushi Capital. The firm lost US$2.44 million (-90%) on SUSHI, US$2.27 million (-82%) on COMP, US$1.53 million (-42%) on UNI, and US$499,000 (-15%) on AAVE.
In addition to Fenbushi Capital’s sale, a large Ethereum whale has also been active in the altcoins. The whale has sold 22,480 ETH ($59.08 million) over the past two days, withdrawing 24,000 ETH ($63.07 million) from Lido and depositing 22,480 ETH ($59.08 million) to Coinbase through multiple addresses. The whale currently holds 7,000 ETH ($18.37 million).
