🎁🎁Ethereum whale wakes up after 8 years and starts selling! 🎁🎁
The ongoing upward trend in the cryptocurrency market allows early investors to continue to make big profits. This upward trend has also activated an Ethereum (ETH) whale that has been dormant for eight years.
According to Lookonchain data, this whale purchased a total of 398,889 ETH between January 18 and March 10, 2016. The average price of these purchases was around $ 6, and their total cost was $ 2.4 million. The whale did not trade for a long time after these large purchases. However, it started moving again after the ETH price exceeded the $ 2,600 level on November 8. It made its first sale when ETH was traded at around $ 2,820. To date, the whale has sold 73,356 ETH for approximately $224.42 million, generating $222.02 million in profit from these sales.
The whale currently holds 325,533 ETH, which is worth over $1.3 billion at current market prices. Whether the whale will continue these sales or whether it sees its $222 million gain as sufficient remains uncertain.
The actions of Ethereum whales often have a major impact on the market. While these sales can cause fluctuations in the price of Ethereum, they can also reflect the whales’ market confidence. The current market trend is an important indicator for investors who follow the whale’s movements.
My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is someone who still does not follow me, I would be happy if they did. Please like my articles and posts. Thank you.
