Ethereum Whale Earns 5 Million in 3 Months, Can ETH Reach New Highs?
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A visionary Ethereum whale entered the market at a low price in September, turning an investment of 6.97 million dollars into 12 million dollars. At that time, the price of ETH was around 2300 dollars, and the whale purchased 3002 ETH. Now, with Ethereum breaking through 4000 dollars, this whale has successfully profited 5 million dollars and continues to hold some ETH, anticipating further increases.
ETH price breaks through 4000 dollars, historical high is within reach
As Bitcoin drives market sentiment, Ethereum is also starting to chase the bull market, currently breaking through the 4000 dollar mark, just 18% away from its historical peak of 4800 dollars. This bullish momentum has attracted a large number of whales to increase their holdings of ETH:
The number of wallet addresses holding over 100,000 ETH has increased to 104, accounting for 57.35% of Ethereum's supply.
On the other hand, addresses holding smaller amounts of ETH continue to decrease, indicating that funds are concentrating towards larger holders, which is typically seen as a bullish signal.
Insights from Whale Investment Strategies
The success of this Ethereum whale is not coincidental. He entered the market during price downturns and market panic, choosing to make significant purchases of potential tokens during consolidation periods and patiently holding until profit targets were met. This fundamental strategy of “buying low and holding long” has been key to his 5 million dollar profit.
Currently, market bullish sentiment is high, with over 92% of ETH holders in profit. The large-scale accumulation by whales and the influx of market funds may further push ETH prices closer to historical highs, and could even set new records.
For ordinary investors, this may serve as a reminder: during market downturns, it might just be the beginning of a significant opportunity.
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