According to crypto onchain data, a major crypto whale that has been waiting patiently for a long time appears to have finally given up.
Onchain data revealed that a crypto whale, who had been holding onto 450 Ethereum (ETH) worth $730,600 for exactly 2.5 years, sold it today at a low profit rate of $108,000. The whale wallet moved its assets to the cryptocurrency exchange Binance.
Interestingly, this crypto whale had exactly three different opportunities to sell his ETH holdings for over $4,000. Instead, the whale chose to wait, potentially missing out on a profit of around $1 million.
The Ethereum price has been drawing attention with its recent poor performance. The ETH/BTC ratio is at its lowest levels in recent times.
However, not all whales are equally bearish on Ethereum. Capital management firm Abraxas Capital withdrew 6,000 ETH worth $9.88 million from cryptocurrency exchange Binance and deposited it into staking protocol Aave, according to onchain data revealed today.
*This is not investment advice.
