Giant Whale Sells 999 ETH, Potential Profit Reaches up to $2.67 Million
Publication Time:2024-08-27 09:37:11
Exclusive report from Golden Finance: Chain analysis expert @ai_9684xtpa has tracked down an eye-catching trading activity carried out by an ancient whale who has held a large amount of ETH since 2016. This whale acquired a significant amount of ETH at a very low cost of only $5.24 per ETH. After years of holding, the whale recently sold 999 ETH within three hours, which is expected to bring in a profit of over $2.67 million. Notably, this whale had obtained a total of 5,640 ETH through the Kraken platform in 2016 and distributed them across 14 different addresses. One specific address, named 0x255...41912, recently withdrew ETH stored on RocketPool and quickly recharged it into Binance Exchange, which may be related to this massive selling activity. This transaction not only demonstrates the flexible asset allocation strategies employed by players at the whale level within the cryptocurrency market but also reignites discussions about the value trend of ETH.
Cryptocurrency
Blockchain analysis
whale trading
Long-Term Holding Strategy
ETH Price Fluctuations