Ether whale dumps $41M days before the market crashed

A crypto whale holding massive amounts of Ether (

The price drop followed a report by mainstream media outlet The Wall Street Journal highlighting that Elon Musk’s aerospace technology firm SpaceX wrote down $373 million worth of BTC from 2021 to 2022. It still remains unclear whether the entire holdings were sold or not.

Meanwhile, the company’s Bitcoin write-down sparked confusion among crypto community members. Some media outlets reported that the firm sold the entire stash while others expressed that they were unable to confirm the amount sold based on the report’s wordings. Some users on X (formerly Twitter) called out Musk on the platform, saying that he had “paper hands,” which is a term used to describe those who are unable to hold onto their crypto long-term.

Magazine: Tokenizing music royalties as NFTs could help the next Taylor Swift