Summary
- A whale investor sold 2334 ETH during the recent crash, which they had purchased two years ago.
- Lookonchain reported that the whale realized a profit of $660,000 from this sale.
- However, they revealed that when Ethereum prices were at their peak, the whale's unrealized profit exceeded $5 million.
A whale investor has been spotted selling their Ethereum holdings in the recent market downturn.
On the 28th, blockchain data analytics firm Lookonchain reported through X (formerly Twitter) that "a whale investor who purchased 2334 Ethereum at $1815 per coin two years ago sold 2375 of them today."
Lookonchain added, "The whale investor realized a profit of $660,000 through this sale," but also noted that "when Ethereum prices were at their peak, the whale's unrealized profit exceeded $5 million."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
