Bitcoin surpassed $57,000 last night after a long time, triggering the rise in the market. At this point, while the rise in BTC also mobilized altcoins, the largest altcoin Ethereum approached $ 3,300.
While ETH recorded a 6% increase in the last 24 hours, the giant Ethereum whale also got active.
According to Lookonchain's post, the giant whale, which made successful transactions in Ethereum, bought 2,426 ETH worth $ 7.8 billion from Binance.
This whale, which has been steadily purchasing Ethereum since February 9, has withdrawn 11,719 ETH worth $30.93 million from Binance since February 9 at an average price of $2,639.
Additionally, the whale made 4 Ethereum transactions and two of these transactions were profitable and two were closed with losses. However, despite the whale's two transactions closing at a loss, the total profit was 3.85 million dollars.
“Giant whale receives 2,426 ETH ($7.8 million worth) from Binance again!
The whale has withdrawn 11,719 ETH (worth $30.93 million) from Binance since February 9 at an average price of $2,639.
Whale made 4 ETH transactions, 2 of which were profitable, generating a total profit of ~$3.85 million.
In his first transaction, he bought 7,472 ETH (worth $13.86 million) at $1,855 and sold it at $1,808, losing $352,000.
In his second transaction, he bought 12,047 ETH (worth $21.3 million) at $1,768 and sold it at $1,962, making $2.33 million.
In the third transaction, he bought 12,665 ETH (valued at $25.48 million) at $2,012 and sold it at $2,267, making $3.22 million.
In his last transaction, he bought 2,220 ETH (worth $31.56 million) at $2,583 and sold it at $2,473, making a loss of $1.34 million.”
Ethereum continues to trade at $3,251 at the time of writing.
A whale is buying 2,426 $ETH($7.8M) from #Binance again!
The whale withdrew 11,719 $ETH($30.93M) from #Binance at $2,639 since Feb 9.
The whale traded $ETH 4 times, 2 of which were profitable, with a total profit of ~$3.85M.
Buy 7,472 $ETH($13.86M) at $1,855 and sell at… pic.twitter.com/Ir5qSK8J6W
— Lookonchain (@lookonchain) February 27, 2024
*This is not investment advice.
