According to Odaily, a blockchain analyst identified as @ai_9684xtpa has reported that a cryptocurrency whale, known as shnuggly.eth, sold 1750 Ether (ETH) within the past three hours. The sale, which was conducted on-chain, is estimated to be worth around $6.6 million.
The average selling price for the ETH was $3774. The cost for the whale, shnuggly.eth, to acquire these ETH was approximately $3377 each. From this sale, the whale has made a profit of about $690,000.
It's important to note that the actions of whales can significantly impact the cryptocurrency market. Large sales or purchases can cause fluctuations in the price of a cryptocurrency. In this case, the sale by shnuggly.eth could potentially have an effect on the price of ETH.