This week is vital for Ethereum. Because the SEC will announce its decision regarding spot Ethereum ETF applications.
As the general consensus grows that the SEC will not approve spot ETH ETFs, ETH whales have also taken action.
According to Lookonchain's post, a giant whale that collected 120 thousand ETH at approximately $ 1,600 started selling profits.
At this point, the whale, who deposited 15,000 ETH worth $46,000 million in Kraken, made a total profit of $171 million from his ETH investment.
âA giant whale worth 120,874 ETH ($370.6 million) deposited 15,000 ETH ($46 million worth) on Kraken 3 hours ago.
This whale had withdrawn 120,874 ETH ($199 million) from Kraken between August 31, 2022 and September 9, 2022 at $1,647.
Currently, the whale has 105,874 ETH left (worth $325.3 million) and his profit is $171.5 million.â
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I EXPLAIN IN DETAIL.
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