According to data provided by Lookonchain, a whale that could not withstand the selling pressure for a long time has finally dumped a large amount of cryptocurrency.
The crypto whale, who is described as having “diamond hands” – a pattern used in the cryptocurrency market because he has not sold for a long time – recently sold 15,000 Ethereum coins worth a total of approximately $39 million.
This major crypto whale purchased 96,639 ETH worth $151.42 million on Coinbase at an average price of $1,567 during the great bear market in September 2022.
The whale wallet held all of these ETH until March 2024.
With the bull market that started in March, the giant whale sold $176 million at a price of $3,199. After this sale, the whale was left with 41,639 ETH worth $107 million. The total profit the whale has made from its sales so far is $132 million.
*This is not investment advice.