Giant Whale Continues to Buy Cryptocurrency in Large Volumes
Publication Time:2024-08-09 22:36:08
According to reports by Golden Finance, a notable observation in the market is that a giant cryptocurrency holder (usually known as a 'whale') has been conducting substantial trading activities. In one of their recent transactions, the whale purchased 1,800 Ethereum (ETH) just 30 minutes ago, further enhancing its influence over the crypto market. Since May 24th, this whale has accumulated a total of 37,800 ETH, valued at approximately $99 million. Based on this transaction, the estimated average purchase cost was $2,420 per ETH. It's noteworthy that this purchasing activity has led to a realized profit of $7.5 million for the whale, suggesting they have a positive outlook or strategic positioning on the current market trends.
Ethereum
Cryptocurrency
whale transactions
Investment Behavior