Trump's election as president has stirred Bitcoin and altcoins, and the rise is expected to continue in the coming months.
As the expectation of an increase mobilized whales, 10 new wallets purchased BTC from Binance.
On-chain data tracking platform Lookonchain reported that whales continue to accumulate Bitcoin, with 10 new wallets withdrawing 1,910 BTC worth a total of $145 million from Binance in the last 24 hours.
Whale Who Bought Ethereum at $3.5 Sold!
While whales continued to accumulate Bitcoin, another whale sold a large amount of Ethereum (ETH).
Lookonchain noted that the cost of purchasing ETH for this whale was just $3.5.
Accordingly, the whale, who had 398,891 ETH worth $1.14 billion, sold 29,897 ETH worth $84.87 million at $2,839.
The whale made a profit of $84.7 million from this sale, an 810-fold return.
The whale still has 368,992 ETH worth $1.07 billion in his possession.
“A whale holding 398,891 Ethereum (worth $1.14 billion) sold 29,897 ETH for 84.87 million USDC at $2,839 after the ETH price went up!
The purchase cost was only $3.50 and a profit of $84.7 million was generated, an 810x return!
The whale still has 368,992 ETH (worth $1.07 billion) in his possession.”
*This is not investment advice.