CandleFocus After Nearly a Year Holding ETH, Whale Sells 8,982 $ETH, Bags a $3M Gain
2024-10-26
Author: Content Editor
An unidentified whale held 8,800 ETH for over 10 months before selling all the coins in October 2024, making a profit of $3 million. The whale initially staked the Ethereum instead of selling it in January, taking advantage of the DeFi staking trend. Despite the volatility in the Ethereum market, the whale managed to exit profitably. If they had sold in March when prices were at their highest, the gains could have been even higher. The whale's actions had a significant impact on the market, but Ethereum's liquidity helped absorb the effects. The whale's decision to sell shows the volatility of long-term cryptocurrency investing.
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