Anonymous Whale Sells 10,000 ETH, Nets an Estimated $18.52 Million

IconCryptoNewsTerminal Staff24 Jul, 2024

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Anonymous Whale Sells 10,000 ETH, Nets an Estimated $18.52 Million

An anonymous whale has sold 10,000 ETH in a single transaction, netting an estimated $18.52 million in revenue. The sale was reported by on-chain analyst AI (@ai_9684xtpa) via Twitter just five minutes after it occurred. The whale originally purchased 96,638.9 ETH at an average price of $1,567 in August and September 2022. This means that the recent sale likely generated a significant profit for the whale. According to the analyst, the whale has sold a total of 40,000 ETH over the past five months, generating approximately $73.63 million in revenue. Despite these sales, the whale still holds a substantial 56,639 ETH. The analyst's findings highlight the increasing activity of whales in the cryptocurrency market. Whales are large investors who can significantly impact market prices through their trades. The recent sale by the anonymous whale is a reminder that whales can be both buyers and sellers, and their actions can have a major impact on the market.

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