Ethereum Whale, Which Previously Earned Tens of Millions, Made Large Purchases Again!
The cryptocurrency whale added a new one to its large amount of Ethereum (ETH) purchases.
According to data provided by the on-chain analysis platform Lookonchain, a cryptocurrency whale has purchased a large amount of Ethereum again.
The data revealed that the whale in question purchased 2,856 ETH worth $11 million through the cryptocurrency exchange Kraken on May 28.
The same whale bought 35,176 ETH worth $15 million between October 2, 2018 and November 13, 2022, again through Kraken, at a price of $428.
He then sold them all on October 20, 2023 for $1,610 and pocketed $41.6 million. However, although the whale made millions of dollars in profit, a serious bull run was observed shortly after its sale and the Ethereum price climbed to 4 dollars.
If this whale had never sold the Ethereum assets he bought in 2018, he would now have a profit of $122 million.