Fenbushi Capital has sold $5.14 million in crypto assets just 3 hours ago, according to BlockBeats news on October 1, based on Lookonchain monitoring. The assets sold include:
- 136,094 EIGEN (approximately $514,000)
- 146,537 UNI (approximately $1.13 million)
- 10.17 million SNT (approximately $244,000)
- 10,681 COMP (approximately $509,000)
- 11,616 AAVE (approximately $1.9 million)
- 344,086 SUSHI (approximately $276,000)
- 219 ETH (approximately $576,000)
While offloading these assets, Fenbushi Capital reported significant losses, including a $2.44 million loss on SUSHI (-90%), $2.27 million loss on COMP (-82%), $1.53 million loss on UNI (-42%), and a $499,000 loss on AAVE (-15%).
This sizable sell-off and the resulting losses have raised questions about Fenbushi’s strategy moving forward, as the firm navigates turbulent crypto market conditions.
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