Anonymous Whale Address Sells $40M Worth of ETH 2 Hours Ago
CryptoNewsTerminal Staff20 Aug, 2024
Anonymous Whale Address Sells $40M Worth of ETH 2 Hours Ago
Diamond Hands Whale Sells Off 15,000 ETH On-chain data analytics provider Lookonchain recently reported that a "diamond hands" whale address sold 15,000 ETH, worth approximately $39.66 million, just two hours ago. This whale had previously purchased 96,639 ETH back in September 2022 from Coinbase at an average price of $1,567, holding onto it until March this year. Since then, the whale has been gradually selling off their ETH, with a total of 55,000 ETH (worth $176 million) sold as of March. Their average sell price has been $3,199, resulting in an estimated profit of $132 million to date.
