Inactive Ethereum Whale loses 2 billion 2400 million tokens
Latest Lookonchain data shows that #Ethereum whale, which was inactive for 8 years, has been activated and is currently trading. According to the data, he used various addresses to sell tokens worth ¥2 billion 2,400 million.
It is important to note that between December 1/18 and December 3/10, 2016, this "whale" purchased 6 #ETH at an average price of 3,398.889 per #token , reaching approximately 2,240 million. In 2024/11/7, whale resumed its issuance after 8 years of inactivity.
During this time, according to the latest data, whale sold 73,356 ETH, equivalent to $22,442 million. Due to this significant liquidation, the assets are under selling pressure. In addition, whale's significant holdings of etherium have sparked speculation about the possibility of future action.
Meanwhile, it should be noted that the latest data on "Whale Alert" shows that Coinbase has received almost 2,080 million ETH. Despite the bearish market sentiment caused by these collapses, the cryptocurrency, which ranks No. 1 by market capitalization, is trading in the green, contrary to conventional trends.
ETH price traded mostly in the green today, up 5% ($3.337) on the intraday rise, despite the aforementioned sell-off. Its 24-hour low and high were $3.147 and $3.428. 46, respectively. Interestingly, the token's monthly chart shows a 29% rise. Investors are still deciding whether to move the coin further because of this favorable trajectory.
Furthermore, according to Coinglass, the open interest in Ethereum futures (OI) rose by 10% to ¥7079,000. In addition, derivatives increased 63% to ¥70,79,000. The data confirmed the bullish scenario for the token and fueled market speculation amid significant turnover.
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