⭐⭐Ethereum Whales Are on Sale! The Whale That Bought ETH at $6 and a Corporate Giant Whale Have Taken Action! Here Are Their Transactions… ⭐⭐
Ethereum, which has performed poorly compared to Bitcoin for most of the year, has regained strength in recent days. While the ETH price exceeded $3,350, large investors (whales) have also taken action and started selling.
According to the post shared by Lookonchain, an Ethereum whale that has not traded for about 8 years has become active again and sold $224 million worth of ETH. The whale, who bought ETH at an average cost of $6, started selling as of November 7 and has sold 73,356 ETH for $224 million to date. It currently holds 325,533 ETH worth $1.1 billion in its portfolio.
This whale has accumulated a total of 398,889 ETH (currently worth $1.34 billion) at an average price of $6. The whale had purchased a total of 398,889 ETH worth $2.4 million between January 18 and March 10, 2016, at an average cost of about $6. After an 8-year wait, the whale resumed its activities on November 7 and began selling. In addition to this whale, Cosmos developer Interchain Foundation has also started selling Ethereum. According to on-chain analyst EmberCN, Interchain Foundation deposited 3,000 ETH worth $10.16 million into Coinbase Prime. These ETH holdings were raised through the foundation’s ICO in April 2017. As of late April of this year, the foundation has sold a total of 21,600 ETH (worth $55.97 million) at an average price of $2,591. As of now, the foundation has 383.8 Bitcoin and 23,587 Ethereum.
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