Ethereum Whale Suffers Short Selling Loss

A prominent Ethereum trader experienced losses amounting to $382,000 after shorting the cryptocurrency between April 22 and 25, according to a report by Foresight News. This trader, who has amassed profits of $1.029 million since April 13, borrowed 4,000 ETH from Aave and sold it short at an average price of $1,808.62 per ETH, resulting in approximately $7.25 million in losses. The transaction demonstrates the volatility associated with Ethereum trading.