{"id":1481,"date":"2024-03-11T10:49:26","date_gmt":"2024-03-11T07:49:26","guid":{"rendered":"https:\/\/coinmarketrate.com\/blog\/?p=1481"},"modified":"2024-03-11T10:49:26","modified_gmt":"2024-03-11T07:49:26","slug":"bitrue-drainers-massive-crypto-sell-off-shakes-market-values","status":"publish","type":"post","link":"https:\/\/coinmarketrate.com\/blog\/bitrue-drainers-massive-crypto-sell-off-shakes-market-values\/","title":{"rendered":"Bitrue Drainer&#8217;s Massive Crypto Sell-Off Shakes Market Values"},"content":{"rendered":"<ul class=\"sc-b0091426-5 iVeetb\">\n<li class=\"sc-4984dd93-0 jZrMxO\" data-sensors-click=\"true\">Bitrue Drainer&#8217;s recent ETH to DAI trade highlights the volatility and liquidity of the crypto market.<\/li>\n<li class=\"sc-4984dd93-0 jZrMxO\" data-sensors-click=\"true\">The massive sell-off of QNT by Bitrue Drainer in April 2023 significantly impacted its market price, causing a 9.5% drop.<\/li>\n<li class=\"sc-4984dd93-0 jZrMxO\" data-sensors-click=\"true\">Bitrue Drainer still possesses a substantial amount of cryptocurrency, indicating potential future market movements.<\/li>\n<\/ul>\n<div class=\"sc-4984dd93-0 sc-b0091426-9 dkvVQM\" data-sensors-click=\"true\">Bitrue Drainer executed a significant\u00a0<a class=\"sc-4984dd93-0 kjfmwT\" href=\"https:\/\/etherscan.io\/address\/0x1819ede3b8411ebc613f3603813bf42ae09ba5a5\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-sensors-click=\"true\">transaction<\/a>, converting 4,207 ETH into 16.34 million DAI. This sale occurred at a rate of $3,885 per ETH just 8 hours ago. On April 14, 2023, this entity illicitly acquired assets worth $23.5 million.<\/div>\n<div class=\"sc-4984dd93-0 sc-b0091426-9 dkvVQM\" data-sensors-click=\"true\">The haul included diverse cryptocurrencies such as 137,000 QNT, valued at $17 million, and 46.4 million GALA, worth $2 million. Additionally, 172.55 billion SHIB and 756 million HOT were part of the stolen assets, valued at $1.91 million and $1.54 million, respectively. The theft also included 318 ETH and 310,071\u00a0MATIC, totaling nearly $1 million.<\/div>\n<div class=\"sc-b0091426-0 ljZidC\" role=\"presentation\"><img decoding=\"async\" src=\"https:\/\/academy-public.coinmarketcap.com\/srd-optimized-uploads\/a20299fe03a74690ac112b017167b253.png\" \/><\/div>\n<div class=\"sc-4984dd93-0 sc-b0091426-9 dkvVQM\" data-sensors-click=\"true\">Following the theft, Bitrue Drainer liquidated 137,000 QNT for 7,331 ETH, equivalent to $14.75 million. This sale resulted in a\u00a09.5% drop in QNT&#8217;s price. The entity didn&#8217;t stop there; 46.4 million GALA were exchanged for 926 ETH, and 22.55 billion SHIB were sold for 117 ETH. Furthermore, 310,071 MATIC were converted into 170 ETH. These transactions were all completed on April 14, 2023.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitrue Drainer&#8217;s recent ETH to DAI trade highlights the volatility and liquidity of the crypto market. The massive sell-off of QNT by Bitrue Drainer in April 2023 significantly impacted its market price, causing a 9.5% drop. Bitrue Drainer still possesses a substantial amount of cryptocurrency, indicating potential future market movements. Bitrue Drainer executed a significant\u00a0transaction, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":["post-1481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitrue Drainer&#039;s Massive Crypto Sell-Off Shakes Market Values<\/title>\n<meta name=\"description\" content=\"Bitrue Drainer executed a significant\u00a0transaction, converting 4,207 ETH into 16.34 million DAI. This sale occurred at a rate of $3,885 per ETH just 8 hours ago. 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