Mysterious ETH whale starts selling: $131 million profit!

An investor increased his $151.42 million $ETH investment to $214.34 million by following a hodl strategy during the two-year bear market.

A mysterious whale made $131.72 million by investing in Ehereum (ETH) during the 2022 bear market and holding the ETH for two years. The fact that this wallet, which earned more than $130 million in just two years, started selling naturally confused people. According to many analysts and crypto investors, Ethereum is on a bad track.

Blockchain analytics firm Lookonchain shared an image of the transactions made by the wallet on September 22. The whale, which traded on Coinbase and Kraken exchanges, earned $131.72 million from the leader of altcoins. The wallet did not make any transactions after the ETH sale. What will happen next is eagerly awaited.

Ethereum, which has fallen out of favor due to the weakness of spot ETFs and its crushing against BTC, is currently on the agenda with whale activities. Large investors, institutions and whales have slowly started to withdraw from ETH. The majority of crypto investors are waiting in altcoins. Although the altcoin market has been on an upward trend in recent days, many investors' wallet balances have not even reached the cost price.

The ETH/BTC chart breaking the downward trend, net outflows from spot ETFs and whales returning to Ethereum will push the price up over time. Following these elements is very important for altcoin investors.

#KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions