CandleFocus Ethereum Whale Makes Bold Move After Months of Inactivity—$34.3M in Profits
2024-09-28
Author: Content Editor
An Ethereum whale, who has been inactive for months, recently sold 12,979 ETH for a $34.3 million profit. This whale has been in the market since 2016 and has sold a total of 15,879 ETH since May, totaling $43.5 million in profits. The sale is one of the largest disposals from a fund's focus area and highlights the importance of timing in the volatile cryptocurrency market. The whale accumulated ETH over 7 years and sold it at a price 390 times higher than their initial investment. The whale's activity has attracted attention due to the large amounts invested and their previous inactivity. This serves as a reminder of how established players in the market operate and highlights the potential for good earnings in the cryptocurrency market with patience and strategic trading.
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