👀👀He Earned $7 Million by Buying and Selling: Ethereum Whale Is Back in Action 👀👀

The cryptocurrency market has experienced a significant decline in recent hours, but a smart whale has taken action in the process. According to blockchain analysis platform Lookonchain, a strategic altcoin whale deposited 2,500 Ethereum worth $7.27 million into Binance. Such investments made on centralized exchanges are generally interpreted as being for sale.

When this transaction took place, the price of Ethereum was around $2,908. However, according to CoinGecko data, the cryptocurrency market lost 13.1 percent in the last 24 hours and the price of Ethereum fell by 20.8 percent to $2,302.

This decline is driven by global financial uncertainties and negative data. Israel's aggressive stance in the Middle East and the Trump-Harris uncertainty in the US presidential election are among the main reasons that led investors to sell. During this period, Bitcoin also lost more than 13 percent of its value.

According to Lookonchain's post, this whale is quite competent in selling at market peaks and buying at bottoms. It is stated that he still has 543.5 Ethereum worth $1.25 million in his wallet, and the whale's total earnings are estimated to be around $7.8 million.

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