The rise in Bitcoin and altcoins allowed investors who bought at high levels to relax and cover their losses.
This rise also enabled investors who bought crypto from bearish levels to profit.
In this context, popular cryptocurrency platform Lookonchain wrote in its post today that a whale transferred 23,080 Ethereum (ETH) worth about $44 million to Binance.
Stating that the average ETH purchase price of this whale is $ 1,820, Lookonchain stated that the whale purchases in three parts.
Accordingly, the whale made purchases at three separate times, 8,900 ETH, 8,500 ETH and 5,685 ETH.
“After the Ethereum price soared, a whale deposited 23,080 ETH (approximately $44 million worth) on Binance 20 minutes ago.
The whale's average ETH purchase price was $1,820."
After the price of $ETH rose, a whale deposited 23,080 $ETH ($44M) to #Binance 20 mins ago.
The average withdrawal price of $ETH is $1,820.https://t.co/ez9DE42zpo pic.twitter.com/O6Kg9MLBrL
— Lookonchain (@lookonchain) May 29, 2023
Although the whale's large amount of ETH deposits on Binance are interpreted by some analysts as the whale will sell, no known selling move has yet come from the whale.
In addition, when the wallet of the whale was examined, it was seen that there were 28,200 ETH worth approximately $ 53,000 and 39,135,141 Turbos (TURBOs) worth approximately $ 13,320.
Ethereum, which has increased by 3% in the last 24 hours, continues to trade at $ 1,902 at the time of writing.
*Not investment advice
