Ethereum whale realizes profits before the downturn… sold 9010 ETH in a single day recently
Suehyeon Lee
Summary
- An institutional-estimated whale reportedly accumulated 86,000 ETH at $3,023 and has been steadily realizing profits.
- The whale reportedly sold 9010 ETH in one day after the downtrend began, reducing holdings by about $34.05 million.
- The wallet still holds 61,981 ETH (about $232 million) and is said to still have significant selling potential.
A whale believed to be institutional, which accumulated 86,000 ETH at an average of $3,023 from June to August, has been steadily realizing profits.
On the 12th (local time), Amber CN reported that the whale reduced its holdings by 9010 ETH (about $34.05 million) in one day since the recent downturn began.
The whale began gradually taking profits from the 15th of last month and has so far transferred a total of 24,020 ETH (about $103 million) to Binance. The average selling price at the time was $4,282, and it is estimated to have realized a profit of about $30.24 million. The wallet is reported to still hold 61,981 ETH (about $232 million).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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