Crypto NewsAltcoinWhale, which has been accumulating in this altcoin since October, has started...

Whale, which has been accumulating in this altcoin since October, has started selling profits!

Lookonchain said that the whale, which has been accumulating Ethereum at low levels since October, sold and took a profit.

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The rise of Bitcoin (BTC) above $ 35,000 also mobilized altcoins. At this point, the largest altcoin Ethereum (ETH) also exceeded $ 1,900.

Whales started taking profits on ETH, which is now trading below $1,900.

At this point, Lookonchain said that the whale, which had been accumulating ETH at low levels since October, was selling and taking a profit.

Accordingly, the ETH whale sold 4,271 Ethereum for 8 million USDC and earned approximately $791,000.

Stating that this whale spent 32 million USDC since October 20 to buy 19,250 ETH at $ 1,662, Lookonchain said that the whale also purchased 5,972 ETH worth $ 10.6 million from Binance at $ 1,780.

Finally, Lookonchain underlined that the whale currently has 21,000 ETH worth $39.4 million.

“A whale sold 4,271 ETH for 8 million USDC at $1,875. The whale earned approximately $791,000 from this sale.

Whale has spent 32 million USDC since October 20 to purchase 19,250 ETH at $1,662. In the meantime, Whale bought 5,972 ETH (worth $10.6 million) from Binance for $780.

“The Ethereum whale currently has 21,000 Ethereum worth $39.4 million.”

At this stage, it remains unclear whether the whale will continue selling Ethereum, while ETH is traded at $ 1,892 at the time of writing.

*This is not investment advice.



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