Anonymous Whale Cashes Out: Withdraws 16,236 ETH, Nets $3.76M in Unrealized Profit
CryptoNewsTerminal Staff05 Aug, 2024
Anonymous Whale Cashes Out: Withdraws 16,236 ETH, Nets $3.76M in Unrealized Profit
Anonymous whales have made significant waves in the cryptocurrency market, with one recently withdrawing a staggering 16,236 ETH from HTX. This transfer, which took place just 9 hours ago, was part of a larger transaction involving 38 million USDT. According to data from Lookonchain, the anonymous whale allocated 37 million USDT towards the purchase of 16,236 ETH. At the time of the transaction, the average price of ETH was $2,279, resulting in an estimated unrealized profit of $3.76 million. This significant withdrawal and profit realization highlight the growing influence of anonymous whales in the crypto space. Their actions can create significant market volatility and influence the overall sentiment of the industry. As the crypto market continues to evolve, it remains to be seen how anonymous whales will continue to shape its trajectory.
