Crypto:
30251
Bitcoin:
$66.279
% 1.25
BTC Dominance:
%54.5
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
Bitcoin:
$ 66.279
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

Ethereum Whale Makes Another Massive Purchase!

Ethereum

Cryptocurrency whales have been on a buying spree lately, particularly with Ethereum (ETH). According to data from on-chain analytics platform Lookonchain, a whale made another significant ETH purchase on May 28th.

The Big Whale is Back in Action!

This whale has a history of making large ETH purchases. Between October 2nd, 2018, and November 13th, 2022, they accumulated 35,176 ETH, worth $15 million at the time, at a price of $428 per ETH.

However, on October 20th, 2023, they sold all of their ETH for $1,610 each, netting a profit of $41.6 million. Despite this seemingly profitable move, the price of ETH surged to $4 shortly after the sale, marking the beginning of a new bull run.

Had the Whale Held…

If the whale had held onto their 2018 ETH purchases, they would currently be sitting on a staggering $122 million profit.

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