Ethereum Whale Dumps $12.68 Million in ETH After 3 Years of Accumulation
CryptoNewsTerminal Staff08 Jul, 2024
Ethereum Whale Dumps $12.68 Million in ETH After 3 Years of Accumulation
On-chain analyst ai_9684xtpa revealed that a whale that had been accumulating ETH for the last three years has sold all of its holdings, making a profit of $12.68 million. The whale had purchased 13140 ETH from February 2021 to January 2024 at an average price of $2075. Over the last four days, it transferred all of its ETH to Bybit, an exchange where it was likely sold. This news highlights the substantial profits that can be made through long-term cryptocurrency investments and the importance of timing in the volatile crypto market.