This week is critical for Ethereum. Because the SEC will announce its decision on spot Ethereum ETF applications.
While the general consensus is that the SEC will not approve spot ETH ETFs, ETH whales have also taken action.
According to Lookonchain's post, the giant whale, which collected 120 thousand ETH at approximately $ 1,600, started selling profits.
At this point, the whale, who deposited 15,000 ETH worth $46,000 million in Kraken, made a total profit of $171 million from his ETH investment.
“A giant whale worth 120,874 ETH ($370.6 million) deposited 15,000 ETH ($46 million worth) on Kraken 3 hours ago.
This whale had withdrawn 120,874 ETH ($199 million) from Kraken between August 31, 2022 and September 9, 2022 at $1,647.
Currently, the whale has 105,874 ETH left (worth $325.3 million) and his profit is $171.5 million.”
Etheruem, which fell to $ 2,800 last week, accompanied the rise in Bitcoin and rose above $ 3,000 again.
A giant whale with 120,874 $ETH($370.6M) deposited 15,000 $ETH($46M) to #Kraken 3 hours ago.
This whale withdrew 120,874 $ETH($199M) at $1,647 from #Kraken between Aug 31, 2022, and Sept 9, 2022, with 105,874 $ETH($325.3M) left.
His profit is ~$171.5M.https://t.co/QgaCbRVRL0 pic.twitter.com/gZuixZtTeB
— Lookonchain (@lookonchain) May 20, 2024
*This is not investment advice.
